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UNIT 1: MARKETS IN ACTION
Section 1 INTRODUCTORY CONCEPTS
Chapter 1 ECONOMICS AS A SOCIAL SCIENCE
Chapter 2 THE ECONOMIC PROBLEM
Chapter 3 PRODUCTION POSSIBILITY FRONTIERS
Chapter 4 SPECIALISATION AND THE DIVISION OF LABOUR
Chapter 5 TYPES OF ECONOMY
Section 2 CONSUMER BEHAVIOUR AND DEMAND
Chapter 6 RATIONAL DECISION MAKING
Chapter 7 DEMAND
Chapter 8 PRICE ELASTICITY OF DEMAND
Chapter 9 INCOME AND CROSS-ELASTICITIES
Section 3 SUPPLY
Chapter 10 SUPPLY AND PRICE ELASTICITY OF SUPPLY
Section 4 PRICE DETERMINATION
Chapter 11 MARKET EQUILIBRIUM
Chapter 12 FUNCTIONS OF THE PRICE MECHANISM
Chapter 13 INDIRECT TAXES AND SUBSIDIES
Section 5 MARKET FAILURE
Chapter 14 SOURCES OF MARKET FAILURE
Chapter 15 POSITIVE AND NEGATIVE EXTERNALITIES
Chapter 16 NON-PROVISION OF PUBLIC GOODS
Chapter 17 IMPERFECT MARKET
Chapter 18 MORAL HAZARD, SPECULATION AND MARKET BUBBLES
Section 6 GOVERNMENT INTERVENTION IN MARKETS
Chapter 19 PURPOSE AND METHODS OF GOVERNMENT INTERVENTION
Chapter 20 GOVERNMENT FAILURE
UNIT 2: MACROECONOMIC PERFORMANCE AND POLICY
Section 7 MEASURES OF ECONOMIC PERFORMANCE
Chapter 21 INTRODUCTION TO THE MEASURES OF ECONOMIC PERFORMANCE
Chapter 22 ECONOMIC GROWTH AND GDP/GNI
Chapter 23 MEASURING INFLATION AND UNEMPLOYMENT
Chapter 24 BALANCE OF PAYMENTS
Chapter 25 EMPLOYMENT AND UNEMPLOYMENT (CAUSES AND EFFECTS)
Chapter 26 INFLATION (CAUSES AND EFFECTS)
Section 8 AGGREGATE DEMAND
Chapter 27 CHARACTERISTICS OF AGGREGATE DEMAND
Chapter 28 CONSUMPTION
Chapter 29 INVESTMENT
Chapter 30 GOVERNMENT EXPENDITURE AND NET TRADE
Section 9 AGGREGATE SUPPLY
Chapter 31 AGGREGATE SUPPLY
Section 10 NATIONAL INCOME
Chapter 32 CIRCULAR FLOW OF INCOME
Chapter 33 EQUILIBRIUM LEVELS OF REAL NATIONAL OUTPUT
Chapter 34 THE MULTIPLIER
Section 11 ECONOMIC GROWTH
Chapter 35 CAUSES OF ECONOMIC GROWTH AND OUTPUT GAPS
Chapter 36 THE BENEFITS AND COSTS OF ECONOMIC GROWTH
Section 12 MACROECONOMIC OBJECTIVES AND POLICIES
Chapter 37 MACROECONOMIC OBJECTIVES
Chapter 38 POSSIBLE CONFLICTS BETWEEN MACROECONOMIC OBJECTIVES
Chapter 39 MACROECONOMIC SUPPLY-SIDE POLICIES
Chapter 40 MACROECONOMIC DEMAND-SIDE POLICIES
UNIT 3: BUSINESS BEHAVIOUR
Section 1 TYPES AND SIZES OF BUSINESSES
Chapter 1 TYPES OF BUSINESS
Chapter 2 SIZES OF BUSINESSES
Chapter 3 BUSINESS OBJECTIVES
Section 2 REVENUE, COSTS AND PROFITS
Chapter 4 REVENUE
Chapter 5 COSTS
Chapter 6 ECONOMIES AND DISECONOMIES OF SCALE
Chapter 7 PROFITS AND LOSSES
Section 3 MARKET STRUCTURES AND CONTESTABILITY
Chapter 8 EFFICIENCY
Chapter 9 MARKET STRUCTURES AND CONCENTRATION RATIOS
Chapter 10 PERFECT COMPETITION
Chapter 11 MONOPOLISTIC COMPETITION
Chapter 12 OLIGOPOLY
Chapter 13 MONOPOLY AND MONOPSONY
Chapter 14 CONTESTABILITY
Section 4 LABOUR MARKETS
Chapter 15 THE DEMAND FOR LABOUR
Chapter 16 THE SUPPLY OF LABOUR
Chapter 17 THE DETERMINATION OF WAGE RATES IN COMPETITIVE AND NON-COMPETITIVE MARKETS
Chapter 18 MARKET FAILURE IN THE LABOUR MARKET
Section 5 GOVERNMENT INTERVENTION
Chapter 19 GOVERNMENT INTERVENTION IN PRODUCT MARKETS
Chapter 20 GOVERNMENT INTERVENTION IN LABOUR MARKETS
UNIT 4: DEVELOPMENTS IN THE GLOBAL ECONOMY
Section 6 CAUSES AND EFFECTS OF GLOBALISATION
Chapter 21 CHARACTERISTICS AND CAUSES OF GLOBALISATION
Chapter 22 THE EFFECTS OF GLOBALISATION
Section 7 TRADE AND THE GLOBAL ECONOMY
Chapter 23 SPECIALISATION AND COMPARATIVE ADVANTAGE
Chapter 24 PATTERNS AND VOLUME OF WORLD TRADE
Chapter 25 THE TERMS OF TRADE
Chapter 26 TRADE LIBERALISATION AND TRADING BLOCS
Chapter 27 RESTRICTIONS ON FREE TRADE
Section 8 BALANCE OF PAYMENTS, EXCHANGE RATES AND INTERNATIONAL COMPETITIVENESS
Chapter 28 BALANCE OF PAYMENTS
Chapter 29 EXCHANGE RATE SYSTEMS
Chapter 30 THE IMPACT OF CHANGES IN EXCHANGE RATES
Chapter 31 INTERNATIONAL COMPETITIVENESS
Section 9 POVERTY AND INEQUALITY
Chapter 32 POVERTY
Chapter 33 INEQUALITY
Section 10 THE ROLE OF THE STATE IN THE MACROECONOMY
Chapter 34 PUBLIC EXPENDITURE
Chapter 35 TAXATION
Chapter 36 PUBLIC SECTOR BORROWING AND PUBLIC SECTOR DEBT
Chapter 37 USING MACROECONOMIC POLICIES
Chapter 38 IMPACT AND PROBLEMS OF MACROECONOMIC POLICIES
Section 11 GROWTH AND DEVELOPMENT IN DEVELOPING, EMERGING AND DEVELOPED ECONOMIES
Chapter 39 MEASURES OF ECONOMIC DEVELOPMENT
Chapter 40 CONSTRAINTS ON GROWTH AND DEVELOPMENT
Chapter 41 MEASURES TO PROMOTE GROWTH AND DEVELOPMENT