PART 1: INTRODUCTION TO ECONOMICS 1. The Scope and Method of Economics 2. The Economic Problem: Scarcity and Choice 3. The Structure and Importance of the European Economy: the Private, Public and International Sectors Demand, Supply and Market Equilibrium. 4. The Price System, Supply and Demand and Elasticity 5. Microeconomics PART 2: FOUNDATIONS OF ECONOMICS: CONSUMERS AND FIRMS 6. Household Behaviour and Consumer Choice 7. The Behaviour of Profit Maximising and the Production Process 8. Short-run Costs and Output Decisions 9. Costs and Output Decisions in the Long Run 10. Input Demand: The Labour and Land Markets 11. The Capital Market and Investment Decision 12. General Equilibrium and the Efficiency of Perfect Competition PART 3: MARKET IMPERFECTIONS AND THE ROLE OF GOVERNMENT 13. Monopoly 14. Monopolistic Competition and Oligopoly 15. Antitrust and Regulation 16. Externalities, Public Goods, Imperfect Information and Social Choice 17. Income Distribution and Poverty PART 4: CURRENT MICROECONOMIC ISSUES 18. Public Finance: The Economics of Taxation 19. The Economics of Labour Markets and Labour Unions 20. Macroeconomics PART 5: CONCEPTS AND PROBLEMS IN MACROECONOMICS 21. Introduction to Macroeconomics 22. Measuring National Output and National Income 23. Macroeconomic Concerns: Unemployment, Inflation and Growth PART 6: UNDERSTANDING THE GLOBAL ECONOMY 24. Aggregate Expenditure and Equilibrium Output 25. The Government and Fiscal Policy 26. The Money Supply and the Central Bank 27. Money Demand, the Equilibrium Interest Rate and Monetary Policy PART 7: UNDERSTANDING THE NATIONAL ECONOMY 28. The Exchange Rate and the Balance of Payments 29. Analysis and Policy in the National Economy 30. The Labour Market and Unemployment. 31. Aggregate Supply, Aggregate Demand and Inflation PART 8: ISSUES OF MACROECONOMICS 32. Deficit Reduction, the Stock Market and Central Bank Behaviour. 33. Household and Firm Behaviour in the Macroe

This is the first European adaptation of the successful US text, combining the student friendly writing style of the US original with a genuinely European perspective, comprising all major European countries. Packed with many real world examples, key macroeconomic data is included for most European countries. The authors stimulate student interest with carefully selected Global Perspective boxes, presenting examples from around the world, and Applications boxes which apply the theory learned to real life events and situations. Teacher's Manual (0-13-020882-5) Test Item File (0-13-020883-3) PowerPoint Slides (0-13-020885-X) Student StudyGuide (0-13-973942-4).