Part 1: The Scope of Economics What Is Economics? The Economic Problem Part 2: How Markets Work Demand and Supply Elasticity Efficiency and Equity Government Actions in Markets Global Markets in Action Part 3: Households, Firms and Markets Households' Choices Organising Production Output and Costs Perfect Competition Monopoly Monopolistic Competition Oligopoly Part 4: Coping with Market Failure Public Choices and Public Goods Economics of the Environment Part 5: Factor Markets, Inequality and Uncertainty Markets for Factors of Production Economic Inequality and Redistribution Uncertainty and Information Part 6: Monitoring Macroeconomic Performance Measuring GDP and Economic Growth Monitoring Jobs and Inflation Part 7: Macroeconomic Trends Economic Growth Finance, Saving and Investment Money, the Price Level and Inflation International Finance Part 8: Macroeconomic Fluctuations Aggregate Supply and Aggregate Demand Expenditure Multipliers The Business Cycle, Inflation and Deflation Part 9: Macroeconomic Policy Fiscal Policy Monetary Policy Glossary Index Publisher's Acknowledgements