PART ONE Introduction
1 Economics and the economy
2 Tools of economic analysis
3 Demand, supply and the market

PART TWO Positive microeconomics
4 Elasticities of demand and supply
5 Consumer choice and demand decisions
6 Introducing supply decisions
7 Costs and supply
8 Perfect competition and pure monopoly
9 Market structure and imperfect competition
10 The labour market
11 Different types of labour
12 Factor markets and income distribution
13 Risk and information
14 The information economy

PART THREE Welfare economics
15 Welfare economics
16 Government spending and revenue
17 Industrial policy and competition policy
18 Natural monopoly: public or private?

PART FOUR Macroeconomics
19 Introduction to macroeconomics
20 Output and aggregate demand
21 Fiscal policy and foreign trade
22 Money and banking
23 Interest rates and monetary transmission
24 Monetary and fiscal policy
25 Aggregate supply, prices and adjustment to shocks
26 Inflation, expectations and credibility
27 Unemployment
28 Exchange rates and the balance of payments
29 Open economy macroeconomics
30 Economic growth
31 Business cycles
32 Macroeconomics: taking stock

PART FIVE The world economy
33 International trade
34 Exchange rate regimes
35 European integration
36 Poverty, development and globalization

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