Includes bibliographical references and index.

Table of Contents

Economics: The study of opportunity cost
Supply and demand
The concept of elasticity and consumer and producer surplus
Firm production, cost, and revenue
Perfect competition, monopoly and economic versus normal profit
Every macroeconomic word you ever heard: Gross domestic product, inflation, Unemployment, Reccession and depression
Interest rates and present value
Aggregate demand and aggregate supply
Federal spending
Federal deficits, Surpluses, and the national debt
Fiscal policy
Monetary policy
Overstatement of the cost of living by the consumer price index
International trade
The international monetary fund
NAFTA, GATT, WTO: Are trade agreements good for us?
Tobacco, Alcohol, drugs and prostitution...................