Mastering Economics

Front Matter....Pages i-xvi
Front Matter....Pages 1-1
Solving the problem of scarcity....Pages 3-11
The population as consumers and producers....Pages 12-25
Front Matter....Pages 27-27
The operation of the free market....Pages 29-47
Demand....Pages 48-55
Supply: (i) the structure of industry....Pages 56-83
Supply: (ii) costs and profitability....Pages 84-111
Front Matter....Pages 113-113
Externalities and cost-benefit analysis....Pages 115-119
Protecting the environment....Pages 120-125
Front Matter....Pages 127-127
The determination of factor rewards....Pages 129-132
Labour and wages....Pages 133-145
Capital, land and entrepreneurship....Pages 146-159
Front Matter....Pages 161-161
The provision of goods and services through the public sector....Pages 163-173
Front Matter....Pages 175-175
Finance....Pages 177-190
Banking....Pages 191-200
Front Matter....Pages 201-201
Making the most of limited resources....Pages 203-209
Measuring the level of activity: national-income calculations....Pages 210-220
Unemployment and its causes....Pages 221-223
The level of output and aggregate demand; defects of demand management as a policy for full employment....Pages 224-239
The effects of inflation....Pages 240-243
Employment, price stability and government policy....Pages 244-251
Front Matter....Pages 201-201
Balanced regional development....Pages 252-259
Growth....Pages 260-264
Public finance....Pages 265-276
Front Matter....Pages 277-277
International trade....Pages 279-300
The European Community....Pages 301-310
Front Matter....Pages 311-311
Current economic problems and policies of the UK....Pages 313-318
Back Matter....Pages 319-333