Economics is a comprehensive text and incudes sections on: positive microeconomics; welfare economics; macroeconomics; the world economy. Chapter I - economics and economy. Chapter II - the tools of economic analysis. Chapter III - demand, supply and the market. Chapter IV - government in the mixed economy. Chapter V - the effect of price and income on demand quantities. Chapter VI - the theory of consumer choice. Chapter VII - business organization and behaviour. Chapter VIII - developing the theory of supply: costs and production. Chapter IX - perfect competition and pure monopoly: the limiting cases of market structure. Chapter X - market structure and imperfect competition. Chapter XI - the analysis of factor markets: labour. Chapter XII - human capital, discrimination and trade unions. Chapter XIII - capital and land: completing the analysis of factor markets. Chapter XIV - coping with risk in economic life. Chapter XV - introduction to welfare economics. Chapter XVI - taxes and public spending: the government and resource allocation. Chapter XVII - competition policy and industrial policy. Chapter XVIII - nationalization and privatization. Chapter XIX - general equilibrium: completing micro and getting ready for macro economics. Chapter XX - introduction to macroeconomics and national income accounting. Chapter XXI - the determination of national income.Chapter XXII - aggregate demand, fiscal policy and foreign trade. Chapter XXIII - money and modern banking. Chapter XXIV - central banking and monetary system. Chapter XXV - monetary and fiscal policy in a closed economy. Chapter XXVI - aggregate supply, price level and speed of adjustment. Chapter XXVII - unemployment. Chapter XXVIII - Inflation. Chapter XXIX - open economy macroeconomics. Chapter XXX - economic growth. Chapter XXXI - the business cycle. Chapter XXXII - macroeconomics: where do we stand? Chapter XXXIII - international trade and commercial policy. Chapter XXXIV - the international monetary system and international finance.