Includes index.

An introduction to economics and the economy to the student: the nature and method of economics the economizing problem; understanding individual markets --
demand and supply; pure capitalism and the market system; the mixed economy --
private and public sectors; the United States in the global economy; demand and supply --
elasticities and applications; consumer behaviour and utility maximization; the costs of production; pure competition; pure monopoly; monopolistic competition and oligopoly; technology, R & D, and efficiency; the demand for resources; wage determination; rent, interest, and profits; government and market failure --
public goods, externalities and information problems; public choice theory and taxation; antitrust policy and regulation agriculture --
economics and policy; income inequality and poverty; the economics of health care; labour market issues --
unionism, discrimination, and immigration; international trade; exchange rates, the balance of payments, and trade deficits; transition economies --
Russia and China.