Written from a European perspective, this text acquaints students with basic microeconomics, macroeconomics and EU institutions and policy.

Preface PART A 1: Introducing economics PART B 2: Supply and demand 3: Government intervention in the market PART C 4: Background to demand 5: Background to supply 6: Profit maximising under perfect competition and monopoly 7: Profit maximising under imperfect competition 8: Alternative theories of the firm 9: The theory of distribution of income 10: Inequality, poverty and policies to redistribute incomes 11: Markets, efficiency and the public interest 12: Applied microeconomics PART D 13: The national economy 14: Unemployment and inflation 15: The open economy PART E 16: The roots of modern macroeconomics 17: Short-run macroeconomic equilibrium 18: Money and interest rates 19: The relationship between the money and goods markets 20: Fiscal and monetary policy 21: Aggregate supply, unemployment and inflation 22: Long-term economic growth and supply-side policies PART F 23: International trade 24: The balance of payments and exchange rates 25: Global and regional interdependence 26: Economic problems of developing countries Appendix 1: Some techniques of economic analysis Appendix 2: Web sites Glossary