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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; perfect competition and pure monopoly; market Structure and imperfect competition; the information economy; the analysis of factor markets; human capital, discrimination and trade unions; capital and land; coping with risk in economic life; introduction to welfare economics; taxes and public spending; industrial policy and competition policy; privatization and regulation; 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, price level and the speed of adjustment; unemployment; inflation; open economy macroeconomics; economic growth; business cycle; macroeconomics - where do we stand; international trade and commercial policy; the internaional monetary system and international finance; European integration; problems of developing countries.