Includes bibliographical references and index

Section one: Introduction -- 1. Some basic ideas -- Section two: Production -- 2. Basic ideas on production -- 3. The factors of production -- 4. The types of business unit -- 5. The scale of production -- 6. The location of production -- Section three: the theory of price determination -- 7. Basic ideas of demand -- 8. Basic ideas of supply -- 9. How price is decided in perfect markets -- 10. Elasticity of demand and supply -- 11. Competitive markets - the institutions where price is decided -- 12. Price determination under monopoly conditions -- 13. Further aspects of demand and supply -- Section four: Exchanging the fruits of production -- 14. Exchange and money -- 15. The distribution of wealth - rewards to factors -- 16. Rewards to factors - rent -- 17. Rewards to factors - wages -- 18. Rewards to factors - interest -- 19. Profit - the reward for bearing uncertainty -- 20. The financial institutions -- Section five: The theory of international trade -- 21. International trade -- 22. Settling international indebtedness - the balance of payments -- 23. Curing a disequilibrium in the balance of payments -- 24. The free-trade areas -- Section six : macroeconomics-- 25. What is macroeconomics? -- 26. The national income -- 27. Fluctuations in economic activity -- 28. Managing prosperity -- 29. Public finance -- 30. Aspects of government policy today -- 31. The future of economics