Includes bibliographical references and index.

Introduction -- The Economic system -- Elements of demand and supply -- Concept of elasticity -- The Consumer behavior -- Concept of production -- Analysis of cost, profit, and total revenue -- Market structure -- Measuring the economy -- Consumption and saving -- Aggregate expenditure model -- Business cycle, unemployment, and inflation -- International economics -- Monetary and fiscal policy -- Agrarian reform -- Concepts of taxation and income taxation.

The elements of this textbook are not limited in their application to a particular country, bit its illustration of economic principles requires educational and institutional settings.