Includes bibliographical references.

Essay writing guide -- Microeconomics -- Opportunity cost -- Markets at work -- Elasticity -- The firm -- Costs and output -- Markets and competition -- Labour market -- Resource pricing -- Income distribution -- Market failure -- Regulation -- Macroeconomics -- Measuring living standards -- Measuring inflation -- Aggregate demand -- Business cycles -- Fiscal policy -- Money -- Monetary policy -- Exchange rate -- Population and long-run growth -- Growth -- Aggregate supply -- Unemployment -- Growth without inflation -- Trade -- Growth and reform.Contains up-to-date articles from the media which demonstrate the everyday relevance of economics, and encourage students to develop their analytical skills and learn economics through the application of theory. An opening section provides specific guidelines on how to write essays in economics.--Back cover.