This text is specifically aimed at non-specialist students who have to take a compulsory module in economics as part of their undergraduate foundation year. Containing numerous illustrations and examples, the book explains in plain English all the key economic ideas from the market mechanism to monetary theory and the balance of payments. This will enable the student to rapidly revise the main topic areas in preparation for exam time. Also containing self-test questions at the end of the each chapter with answers provided at the back of the book, this will enable students to assess their understanding during non-contact hours without supervision.
MICROECONOMICS.- An Introduction.- Consumer Theory.- Demand and Supply.- Elasticity.- Production.- Theory of the Firm I.- Theory of the Firm II.- Theory of the Firm III.- MACROECONOMICS.- The Circular Flow of Income.- Aggregate Demand I.- Aggregate Demand II.- Money and Banking.- Unemployment.- Inflation.- International Trade.- Answers to Questions.