Principles of Economics

Part 1: Introduction
1.Thinking Like An Economist
2.Markets, Specialisation and Economic Efficiency
3.Markets, Supply, Demand and Elasticity


Part 2: Competition and the 'Invisible Hand'
4.Demand: The Benefit Side of the Market
5.Perfectly Competitive Supply: the Cost Side of the Market
6.Efficiency and Exchange
7.Profits, Entry and Exit: the Basis for the 'Invisible Hand'


Part 3: Market Imperfections (1): Market Power
8.Imperfect Competition and the Consequences of Market Power
9.Thinking Strategically 1: Interdependence, Decision-Making and the Theory of Games
10.Thinking Strategically 2: Competition among the Few


Part 4: Market Imperfections (2): Externalities, Information, Distribution and the role of the Government in a Market Economy
11.Externalities and Property Rights
12.The Economics of Information
13.Labour Markets, Income Distribution, Wealth and Poverty
14.Government in the Market Economy: Regulation and Production of Public Goods and Other Services


Part 5: Macroeconomics; Issues and Data
15.Macroeconomics: the Birds-Eye View of the Economy
16.Measuring Economics Activity: Gross Domestic Product
17.Measuring the Price Level and Inflation
18.The Labour Market: Wages and Unemployment


Part 6: The Economy in the Long Run
19.Economic Growth, Productivity and Living Standards
20.Capital Markets: Saving, Investment and Capital Formation


Part 7: The Economy in the Short Run
21.Short Term Economic Fluctuations
22.Money and Interest Rates
23.The IS-LM Model
24.Stabilising the Economy (1): The Role of Fiscal Policy
25.Stabilising the Economy (2): The Role of Monetary Policy
26.Aggregate Demand, Aggregate supply and Information
27.Controlling Inflation


Part 8: The International Economy
28.Exchange Rates, Capital Flows and the Balance of Payments

Moore McDowell and Rodney Thom are both based at University College Dublin, Ireland.