A textbook of core economics

The market economy consumers in the market economy producers in the market economy market equilibrium interrelationships between product and factor markets the labour market perfect competition large scale production monopoly a competitive market market failure government distortion of markets structure regulation conduct regulation externalities public, merit and future goods economic growth and the level of economic activity government policy and economic growth aggregate demand aggregate supply employment, unemployment and the price level macroeconomic policy fiscal policy monetary policy international trade and payments international economic institutions underdevelopment and development.