Untit 1 1
Text What Is Economics About？ 1
Supplementary Reading Introduction：Micro-Versus Macro-Economics 8
Unit 2 15
Text The Nature of Economic Variables 15
Supplementary Reading Is Economics an Exact Science？ 28
Unit 3 32
Test Classical Economics 32
Supplementary Reading Productivity 42
Unit 4 48
Text Neoclassical Economics 48
Supplementmry Reading Production and the Demand for Labour 60
Unit 5 68
Text Modern Economics 68
Supplementary Reading Production of Commodities by Means of Commodities 81
Unit 6 103
Text The Current Problem of world Debt in Less Developed Countries 92
Supplementary Reading Debt Capacity 103
Unit 7 110
Text Taxation of Personal Income 110
Supplementary Reading Income Taxation 124
Unit 8 131
Text Price Discrimination 131
Supplementary Reading Money and Prices 140
Unit 9 145
Text Inflation 145
Supplementary Reading Controlling Inflation 153
Unit 10 162
Text A Closer Look at Unemployment 162
Supplementary Reading Unemployment and Inflation 172
Unit 11 179
Text Business and Economic Profit 179
Supplementary Reading The Politics of Inflation 195
Unit 12 200
Text Market 200
Supplementary Reading Supply and Demand：Marker Equilibrium 210
Unit13 215
Text The Nature and significance of Market Processes 215
Supplementary Reading Macroeconomic Measures to Stop Stagflation 226
Unit 14 232
Text Demand in a Money Exchange Economy 232
Supplementary Reading Role of Demand 242
Unit 15 251
Text Auction Markets 251
Supplementary Reading Supply 260
Unit 16 265
Text Financial Power in Three Economics 265
Supplementary Reading One Monetarist Microeconomic Model 275
Unit 17 280
Text Financial Intermediation 280
Supplementary Reading The Foreign Investment Decision 294
Unit 18 300
Text The Federal Reserve System：The Structure of U．S．Central Banking 300
Supplementary Reading Convertible Bonds and Convertible Preferred Stock 313
Unit 19 322
Text Salient Trends in Transnational Banking and International Financial Markets 322
Supplementary Reading Central Bank Operations 340
Unit 20 349
Text The Global Network of Transnational Banks 349
Supplementary Reading The Nature of the Exchange Risk 365
Unit 21 375
Text Non-bank Financial Entities 375
Supplementary Reading The historical Pattern of Foreign Direct Investment 388
Unit 22 401
Text The Importance of Transnational Corporations in the International Trade of Home Countries 401
Supplementary Reading The Multinational Corporation and the Issue of Management 418
Unit 23 429
Text The Money Market and the Capital Market 429
Supplementary Reading The Money Market 439
Unit 24 444
Text The Stock MarKet and the Real Economy 444
Supplementary Reading The U．S．Government Securities Market 454
Unit 25 469
Text International Trade 469
Supplementary Reading Factor Mobility Impediments and Trade 477
Unit 26 483
Text The Underlying Assumptions of the Product Life Cycle Trade Model 483
Supplementary Reading Four Concepts of Protection 492
Unit 27 499
Text The Management of International Economic Relations Since World WarⅠ 499
Supplementary Reading Is Managing a Science or an Art？ 512
Unit 28 520
Text Forms of Business Organization 520
Supplementary Reading Theories of Regulation and Regulatory Policy 531
Appendix 535
Key to the Exercises 535