Includes Index.

Introduction -- Economics and the economy -- Tools of economic analysis -- Demand ,supply and the market -- positive microeconomics -- Elasticities of demand and supply -- Consumer choice and demand decisions -- Introducing supply decisions -- costs and supply -- Perfect competition and pure monopoly -- Market structure and imperfect competition -- The labor market -- Factor markets and income distribution -- Risk and information -- Welfare economics -- Government spending and revenue -- Introduction to microeconomics -- output and aggregate demand -- Fiscal policy and foreign trade -- Money and banking -- interest rates and monetary transmission -- Monetary and fiscal policy -- Aggregate supply , prices and credibility -- Unemployment -- Exchange rates and the balance of payments -- Open economy macronomics --Exchange rate regimes -- Business cycle --Supply-side economics and economic growth --The world economy -- International trade.