Includes bibliographical references and index.

PART ONE: INTRODUCTION TO ECONOMICS; 1. The Nature of Economics; 2. Scarcity, Governments and Economics; PART TWO: MICROECONOMICS; 3. Supply and Demand; 4. Elasticity of Demand and Supply; 5. Governments and Markets; 6. Household Behaviour; 7. Introducing the Theory of the Firm; 8. Production Functions and Methods; 9. Perfect Competition; 10. Monopoly and Monopolistic Competition; 11. Oligopoly; 12. Governments, Monopolies and Oligopolies; 13. Governments and Resource Allocation; 14. Markets for Labour; 15. Land and Capital; 16. Governments and the Redistribution of Income; PART THREE: MACROECONOMICS; 17. Introduction to Macroeconomics; 18. The National Accounts; 19. GDP and the Multiplier Model; 20. Money, Banks and Interest Rates; 21. GDP and Prices: the AS-AD model; 22. Unemployment; 23. Inflation and Unemployment; 24. Business Cycles; 25. Economic Growth; 26. Monetary, Fiscal and Supply-side Policies; 27. International Trade; 28. International Payments.

"What sorts of people are unemployed and why? How safe are banks? Should we aim to have no pollution? Why do wages vary so much? Are your students interested in debating the answers to these sorts of questions? This book is. A refreshingly concise, focused, and straightforward text, Economics covers only essential introductory topics, thereby ensuring that students will not be overwhelmed by unnecessary content. Author David King uses exceptionally clear and engaging explanations - which are also relevant to students' experiences - to make both simple and more complex topics easily understandable. Innovative pedagogy - including "recap" features and convenient summary sections - allows students to peruse the material as desired without sacrificing any understanding of the topics covered." -- Publisher's website.