Contents

Preface
PART ONE INTRODUCTION: CONSUMER AND PRODUCER BEHAVIOUR
1 The Family BudgetTotal family expenditure; explaining consumer behaviour
2 The Business of ProductionProduction decisions, business organisation and goals; factors of production; factor mobility; factor combination; specialisation and the scale of production; the dynamics of business; explaining business behaviour - a summary; the interdependence of businesses, input-output tables; international specialisation, the principle of comparative advantage
PART TWO PRICES AND MARKETS
3 The Allocation of ResourcesScarcity; opportunity cost; the production frontier; the 'economic problem'; problems of choice; solving problems of choice, traditional and market ...

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