P.1 Basic principles and issues -- Specialization and the division of labour -- Exchange and money -- Markets and prices -- National income and the national accounts -- Major issues in economics -- P.2 Perfect Market economies -- Perfect competition -- Consumer decisions -- Factor markets and income distribution -- Macroeconomics aspects of a perfect market economy -- P.3 Imperfect market economies -- monopoly and market influence -- uncertainty, saving and investment -- oligopoly and market undertainty -- Macroeconomic analysis and the multiplies -- Unemployment and inflation in a market economy -- P.4 Fiscal and monetary policies -- Banks and monetary policy -- Government policies, unemployment and inflation -- Imperfections and economic policies -- Income redistribution: taxes and benefits -- Public choice -- P.5 Open economies, development and planning -- international trade and exchange rates -- Government policies in an open economy -- Economic development -- Planned economies.