Includes bibliographical references and index.

Preface - Economics and the Economy - The Market - Markets and Economic Efficiency - The Producer - Market Structures - Market Failure Versus Government Failure - Factor Markets - Distribution of Income - The Objectives of Macroeconomic Policy - Economic Growth - Unemployment: Causes and Cures - Inflation: Causes and Cures - Business Cycles: Causes and Control - Stabilizing the Economy - International Trade - Balance of Payments and Exchange Rates - Issues in the International Economy - Answers to self-test questions - Glossary - Bibliography - Index

An account of the issues facing all economies today. It presents the core material in a user friendly and accessible manner, motivating students to take an interest in economics and helping them to appreciate its relevance to the world in which they live. The text features: chapter overviews; on page glossary definitions; chapter summaries; self test questions, including questions for discussion; suggestions for further reading; and links to the Internet.