Table of Contents

MICROECONOMICS; 1. What is economics?; 2. The Production Possibility Frontier; 3. Demand; 4. The Elasticity of Demand; 5. Supply; 6. Market Equilibrium; 7. The Free Market System: Advantages and Disadvantages; 8. Intervening in the Market System; 9. Costs: Short Run and Long Run; 10. Revenues, Costs and Profit; 11. Perfect Competition; 12. Monopoly; 13. Oligopoly; 14. Monopolistic Competition and Non Price Competition; 15. Barriers to Entry and Price Discrimination; 16. Integration and Competition Policy; 17. Business Objectives; 18. The Labour Market; MACROECONOMICS; 19. Introduction to Macroeconomics; 20. Equilibrium in the Economy; 21. National Income and the Standard of Living; 22. Economic Growth and the Economic Cycle; 23. Aggregate Demand and Aggregate Supply and the Price Level; 24. Consumption; 25. Investment; 26. Fiscal Policy; 27. Unemployment; 28. Money; 29. Inflation; 30. Exchange Rates; 31. International Trade; 32. European Union; 33. Developing Economies; 34. Globalisation