Previous ed.: 1988.

An introduction to economics and the economy -- The tools of economic analysis -- Demand, supply and the market -- Government in the mixed economy -- The effect of price and income on demand quantities -- The theory of consumer choice -- Business organization and behaviour -- Developing the theory of supply: costs and production -- Perfect competition and pure monopoly: the limiting cases of market structure -- Market structure and imperfect competition -- The analysis of factor markets: labour -- Human capital, discrimination and trade unions -- Capital and land: completing the analysis of factor markets -- Coping with risk in economic life -- Introduction to welfare economics -- Taxes and public spending: the government and resource allocation -- Competition policy and industrial policy -- Nationalization and privatization -- General equilibrium and welfare economics -- Introduction to macroeconomics and national income accounting -- The determination of national income -- Aggregate demand, fiscal policy and foreign trade -- Money and modern banking -- Central banking and the monetary system -- Monetary and fiscal policy in a closed economy -- Aggregate supply, the price level and the speed of adjustment -- Unemployment -- Inflation -- Open economy macroeconomics -- Long-term growth and short-term fluctuations -- Macroeconomics: where do we stand? -- International trade and commercial policy -- The international monetary system and international finance -- European integration in the 1990s -- Problems of developing countries in the world economy.