Economics / Douglas, McTaggart,

Includes bibliographical references and index.

What is economics? -- Making and using graphs -- Production, growth and trade -- Demand and supply -- Elasticity -- Markets in action -- Utility and demand -- Possibilities, preferences and choices -- Organizing production -- Output and costs -- Competition -- Monopoly -- Monopolistic competition and oligoploy -- labour markets -- Capital and natural resource markets -- Uncertainity and information -- Market failure and public choices -- Inequality and redistribution -- Microeconomic reform -- Externalities, the environment and knowledge -- Macroeconomic challenges and choices -- Monitoring macroeconomic performance -- Aggregate demand and aggregate supply -- Expenditure decisions and GDP -- Aggregate demand multipliers -- Government and fiscal policy -- Money, banking, and interest rates -- The reserve bank and monetary policy -- Fiscal policy, monetary policy and the exchange rate -- Fiscal policy, monetary policy and aggregate demand -- Trend growth and long-run aggregate supply -- Unemployment and short-run aggregate supply -- Inflation -- Expansions and the contractions-the business cycle -- Stabilizing the economy -- Trading with the world -- The balance of payments and the dollar -- Emerging economies.