Table of Contents

Chapter 1 The Economic System 1

Chapter 2 Market Analysis: Demand And Supply 35

Chapter 3 Beyond Demand: Consumers in the Economic System 77

Chapter 4 Beyond Supply: Firms in the Economic System 113

Chapter 5 Economic Activity: The Macroeconomy 155

Chapter 6 Competition in the Economic System 197

Chapter 7 Money and Financial Markets in the Economic System 239

Chapter 8 Challenges for the Economic System: Unemployment and Inflation 283

Chapter 9 Developing the Economic System: Growth and Income Distribution 321

Glossary 361

Index 387

About the Author

Dr Eleanor Doyle is Lecturer in Economics at University College Cork. She currently lectures in Principles of Economics and Resourcing Organizations & Competitive Capability at the undergraduate level. She also lectures in Microeconomics and Macroeconomics at postgraduate level. Her research interests lie in the exchange rate effects on Irish trade, sources of Irish growth and organizational architecture and the resource-based view of the firm.