Macroeconomics / Michael Parkin.

Includes bibliographical references and index.

Introduction. What is economics? ; making and using graphs ; The economic problem -- How markets work. Demand and supply ; Elasticity ; Efficiency ; Markets in action -- A closer look at demand and supply. Utility and demand ; Possibilities, preferences, and choices ; Organizing production ; output and costs -- Competition versus monopoly. Competition ; Monopoly ; Monopolistic competition and oligopoly -- Resource markets. Demand and supply in resource markets ; Labor markets ; Inequality, redistribution, and health care -- Market failure and government. mark failure and public choice ; Regulation and antitrust law ; Externalities, the environment, and knowledge ; Uncertainty and information -- The global economy. Trading with the world.