ontents: Preface. Part I: What Economics is All About: 1. The Economic way of thinking. 2. Scarcity: the economizing problem. 3. The Logic behind Economics. Part II: Global Economic Issues: 4. Income inequality and poverty. 5: Economic growth, inflation and unemployment. Part III: Money and Banking: 6. Price of a commodity and the value of money. 7. Interest rate. 8. Theory of interest rate. Part IV: International Economics: 9. The Pure international trade theory: supply. 10. Heckscher-Ohlin and other theories. 11. Economic growth and international trade. 12: International trade policy. 13. Balance of payments and foreign exchange market. Part V: Macroeconomic Measurements and Economic Policies: 14. Measurements of the macro-economy. 15. Macroeconomic problems and economic policies. 16. Major macroeconomic schools. Part VI: Applications of Microeconomic Theory: 17. Public goods and private goods. 18. Market success and market failure. 19. Policies to correct market failures. 20. Government success and government failure. Glossary. Index.