Offers business students the key principles essential to an understanding of fundamental economic challenges. This work also includes those parts of the Australian economy that have been transformed, and lays emphasis on global competition in the economic environment. This streamlined text is specifically tailored to suit one semester courses.

The visual presentation throughout the text is clear and engaging, especially with regard to figures and graphs, ensuring that the learning process is an enjoyable one.

Part One: Introduction Chapter 1 The nature, method and challenges of economics Chapter 2 Demand and supply Part Two: Microeconomics Chapter 3 Taxes, price controls and trade applications Chapter 4 Consumer behaviour
Chapter 5 The costs of production Chapter 6 Pure competition Chapter 7 Pure monopoly Chapter 8 Monopolistic competition and oligopoly Chapter 9 Market failure and resource allocation Part Three: Macroeconomics Chapter 10 Australia's national and international accounts Chapter 11 Aggregate demand and aggregate supply Chapter 12 Fiscal policy and the public debt Chapter 13 Money, banking and the financial system Chapter 14 Monetary policy Chapter 15 Macroeconomic debates Chapter 16 Economic resources and the labour market Chapter 17 The economics of growth Chapter 18 The international monetary system