What is economics? -- Use and misuse of graphs -- Scarcity and choice: the economic problem -- Supply and demand: an initial look -- Realm of macroeconomics -- Unemployment and inflation: the twin evils of macroeconomics -- Income and spending: the powerful consumer -- Demand-side equilibrium: unemployment or inflation? -- Changes on the demand side: multiplier analysis -- Supply-side equilibrium: unemployment and inflation? -- Fiscal policy and supply-side economics -- Money and the Banking system -- Monetary policy and the national economy -- Debate over monetary policy -- Budget deficits and the national debt: fact and fiction -- Trade-off between inflation and unemployment -- Productivity and growth in the wealth of nations -- International trade and comparative advantage -- International monetary system: order or disorder? -- Macroeconomics in a world economy -- Growth in developed and developing countries

1. Macroeconomics