Includes Bibliographical References and Index.

Introducing economics; supply and demand; government intervention in the market; background to demand; background to supply; profit maximizing under perfect competition and monopoly; profit maximizing under imperfect competition; alternative theories of the firm; the theory of distribution of income; inequality, poverty and politics to redistribute incomes; markets, efficiency and the public interest; applied microeconomics; macroeconomics issues I - economic growth, unemployment and inflation; macroeconomics issues II - the open economy; macroeconomic ideas; the simple Keynesian analysis of national income, employment and inflation; fiscal policy; money and interest rates; monetary policy; macroeconomic controversies I - the control of aggregate demand; macroeconomic controversies II - aggregate supply, unemployment and inflation; supply-side policies; international trade; the balance of payments, exchange rates and international economic relationships; economic problems of developing countries.

Using up-to-date examples to reflect trends in Europe and the rest of the world, this work includes end-of-chapter questions in addition to questions in the text. Macroeconomic theory has been re-worked to reflect current theory and debate. Lecturer's supplements are available.