Economics / Bruce Foster.

The nature and scope of economics -- The economic background to production -- The factors of production -- The scale of production -- The location of production -- Basic ideas of supply-- How price is decided in perfect markets-- Elasticity of demand and supply --Applications of the demand and supply model -- Competitive markets- the institution where price is decided-- Monopoly, Oligopoly and monopolistic competition -- Public policy towards competition -- Rewards to factors: distribution theory-- More detailed ideas of rewards to factors -- Market failures and how they are dealt with-- The nature of money -- The finacial Institutions-- The national income -- Economic policy-- Unemployment and inflation -- Taxation, government spending and budgets-- Money and monetary policy -- Theory of international trade -- The european Union and other free trade areas-- The balance of payments -- Exchange rates and the balance of payments problem-- Globalisation.