Unit One
Text: What Is Economics?
Additional Text: The Economic Problem
Text: Demand and Supply
Additional Text: Supply and Demand and Odd Yellow Fruit
Unit Three
Text: Price Elasticities of Demand and Supply
Additional Text: How Landlords Respond to Rent Control: The Case of New York City
Text: Cost of Production
Additional Text: Economies and Diseconomies of Scale
Uint Four
Text: Monopoly
Additional Text: Perfect Competition
Nint Five
Text: Oligopoly
Additional Text: Monopolistic Competition
Unit Seven
Text: Gross Domestic Product
Additional Text: Two Alternative Approaches of MeasurinE GDP
Text: Economic Growth
Additional Text: Sources of Economic Development
Unit Nine
Text: Inflation
Additional Text: Unemployment
Text: Money and Banking
Additional Text: Facing the Impact of Foreign Banks
Unit Eleven
Text: Foreign Exchange and Exchange Rate
Additional Text: Exchange Rates and Trade
Text: The Balance of Payments
Additional Text: International Monetary Systems
Text: Fiscal and Monetary Policy
Additional Text: Lags in the Economy's Response to Monetary and Fiscal Policy
Text: Role of Government in the Economy
Additional Text: Government's Policies Toward Externalities
Appendix �� Answers to Exercises
Appendix �� Chinese Translation of the Texts