1. Economics as a social science

2. Economic data

3. The economic problem

4. Production possibility frontiers

5. Specialisation and the division of labour

6. Types of economy

7. Rational decision making

8. Demand

9. Price elasticity of demand

10. Income and cross elasticities

11. Supply

12. Price determination

13. Interrelationships between markets

14. The price mechanism

15. Indirect taxes and subsidies

19. The price mechanism

20. Types of market failure

21. Externalities

22. Information gaps

23. Public and merit goods

24. Government intervention in markets

25. Government failure

60. Market failure

61. Government intervention in product markets


26. National economic performance

27. The circular flow of income

28. National income

29. Consumption and saving

30. Investment

31. Government expenditure and net trade

32. Aggregate demand

33. The multiplier

34. Aggregate supply

35. Equilibrium levels of real national output

36. Causes of economic growth and the trade cycle

37. The impact of economic growth

38. Inflation

39. Employment and unemployment

40. Balance of payments

41. Fiscal policy

42. Monetary policy

43. Supply-side policy

44. Macro conflicts

71. Taxation

72. Government expenditure

73. Unemployment and the Phillips curve

74. Fiscal policy and the management of the economy


45. Production

46. Costs

47. Revenue

48. Profit

68. Equality and equity

69. Redistribution of income and wealth

15. Alternative view of consumer behaviour

49. Market structure

50. Perfect competition

51. Monopoly

52. Monopolistic competition

53. Oligopoly

54. Contestability

55. Business objectives

56. Efficiency

57. Evaluating competition and monopoly

58. Business growth

59. Technological change

75. Money and the rate of interest

76. Quantity theory of money

77. Financial markets

78. Central banks and financial market regulation

63. Demand for labour

64. Supply of labour

65. Wage determination

66. Economic rent

67. Government intervention in labour markets

79. Globalisation

80. Specialisation and trade

81. The terms of trade

82. Restrictions on free trade

83. The EU

84. Trading blocs

85. The World Trade Organisation

86. Balance of payments issues

87. Exchange rate systems

88. The impact of changes in exchange rates

89. International competiveness

90. Measures of development

91. Factors influencing growth and development

92. Strategies influencing growth and development