Includes index.

What is economics all about? -- How to use graphs in economics -- Supply and demand: part one -- Supply and demand: part two -- Measuring national output -- Inflation and unemployment -- Introduction to macroeconomics: output, growth, and capital -- Aggregate demand and supply: the key to macroeconomics -- Aggregate demand in the private sector: the Keynesian model -- Aggregate supply and getting to full employment -- Fiscal policy: government spending and taxation -- The supply of money -- Money and aggregate demand -- Inflation and unemployment -- Rational expectations and other models of the business cycle -- Open-market macroeconomics -- Elasticity -- The theory of demand -- Cost and output -- Competitive supply -- Asymmetric information -- Monopolies -- Between monopoly and competition -- Game theory -- Efficiency and regulation -- Factor demand and productivity -- Wages, labor markets, and unions -- Rent, interest, and profits -- Public choice and externalities -- Government spending and taxation -- International trade.

For students or anyone else who needs a refresher course in economics. This updated edition defines and distinguishes between macroeconomics and microeconomics. It demonstrates the uses of graphs and discusses the law of supply and demand, which is fundamental to understanding economic principles. A Macroeconomics section covers topics that include national output, inflation, types and costs of unemployment, aggregate demand and supply, the Keynesian model, fiscal and monetary policy, and open-market macroeconomics. Microeconomics topics covered include monopolies, forces that promote competition, game theory, labor markets and unions, economic profits, government spending, and taxation.--From publisher description.