Table of Contents

1 What is economics?

2 Demand and supply decisions

3 Costs, supply, and perfect competition

4 Market structure and imperfect competition

5 Input markets and income distribution

6 Governing the market

7 The income and output of nations

8 Money, interest rates, and output

9 Aggregate supply, inflation, and unemployment

10 Open economy macroeconomics

11 Growth and cycles

12 Trade and development

About the Author

David Begg is Principal of the Tanaka Business School at Imperial College London. He has been a Research Fellow of the Centre for Economic Policy Research (a network of leading European economists) since its inception in 1984. David's research focuses mainly on monetary policy, exchange rates, monetary union, and economic transition. He is a Research Fellow of the Centre for Economic Policy Research. He co-authored several of the CEPR annual reports in the series he helped found: Monitoring the European Central Bank, and Monitoring European Integration. The 1997 MEI Report, EMU: Getting the Endgame Right, changed the policy that the European Union adopted to launch the euro in 1999. He was also founding Managing Editor of Economic Policy, now an official journal of the European Economic Association.