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Table of Contents

Part 1: Introduction
1. Economics and the Economy
2. Tools of Economic Analysis
3. Demand, Supply and the Market
Part 2: Positive Microeconomics
4. Elasticities of Demand and Supply
5. Consumer Choice and Demand Decisions
6. Introducing Supply Decisions
7. Cost and Supply
8. Perfect Competition and Pure Monopoly
9. Market Structure and Imperfect Competition
10. The Labour Market
11. Factor Markets and Income Distribution
12. Risk and InformationPart 3: Welfare Economics
13. Welfare Economics
14. Government Spending and Revenue
Part 4: Macroeconomics
15. Introduction to Macroeconomics
16. Output and Aggregate Demand
17. Fiscal Policy and Foreign Trade
18. Money and Banking
19. Interest Rates and Monetary Transmission
20. Monetary and Fiscal Policy
21. Aggregate Supply, Prices and Adjustment to Shocks
22. Inflation, Expectations and Credibility
23. Unemployment
24. Exchange Rates and the Balance of Payments
25. Open Economy Macroeconomics
26. Economic Growth
27. Business Cycles
Part 5: The World Economy
28. International Trade
29. Exchange Rate Regimes

About the Author

David Begg is Principal of the Tanaka Business School at Imperial College London. He has been a Research Fellow of the Centre for Economic Policy Research (a network of leading European economists) since its inception in 1984. David's research focuses mainly on monetary policy, exchange rates, monetary union, and economic transition. He is a Research Fellow of the Centre for Economic Policy Research. He co-authored several of the CEPR annual reports in the series he helped found: Monitoring the European Central Bank, and Monitoring European Integration. The 1997 MEI Report, EMU: Getting the Endgame Right, changed the policy that the European Union adopted to launch the euro in 1999. He was also founding Managing Editor of Economic Policy, now an official journal of the European Economic Association. Gianluigi Vernasca a Senior Lecturer of Economics at University of Essex.

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