Part 1: Introduction 1. Economics and the Economy 2. Tools of Economic Analysis 3. Demand, Supply and the Market Part 2: Positive Economics 4. Elasticities of Demand and Supply 5. Consumer Choice and Demand Decisions 6. Introducing supply decisions 7. Cost and Supply 8. Perfect Competition and Pure Monopoly 9. Market structure and imperfect competition 10. The Labour Market 11. Capital Market 12. Risk and Information 13. Welfare Economics 14. Government spending and revenue Part 3: Macroeconomics 15. Introduction to Macroeconomics 16. Output and Aggregate Demand 17. Fiscal Policy and Foreign Trade 18. Money and Banking 19. Central Banking 20. Monetary and Fiscal Policy 21. Aggregate Supply, Prices and Adjustment to Shocks 22. Inflation, Expectations and Credibility 23. Unemployment 24. Exchange Rates and the Balance of Payments 25. Open Economy Macroeconomics 26. Economic Growth 27. Business Cycles Part 4: The World Economy 28. International Trade 29. Exchange Rate Regimes.

This is a text for all students of introductory economics at undergraduate or postexperience level. It may be used for a one year course and includes a recommended contents outline for a shortened or modular course.