Unit One
Text:What Is Economics？
Additional Text: The Economic Problem
Unit Two
Text:Demand and Supply
Additional Text:Utility and Consumer Choice
Unit Three
Text:Price Elasticities of Demand and Supply
Additional Text:The Factors Influencing the Price Elasticities of Demand and Supply
Unit Four
Text: Cost of Production
Additional Text: Econonues and Diseconomies of Scale
Unit Five
Text:Monopoly
Additional Text:Perfect Competition
Unit Six
Text: Oligopoly,
Additional Text: Monopolistic Competition
Unit Seven
Text:Gross Domestic Product .
Additional Text:Two Alternative Approaches of Measuring GDP
Unit Eight
Text:Economic Growth
Additional Text: Sources of Economic Development
Unit Nine
Text: Inflation
Additional Text: Unemployment
Unit Ten
Text:Money and Banking .
Additional Text: The U.S. Central Bank: The Federal Reserve System
Unit Eleven
Text:Foreign Exchange and Exchange Rate.
Additional Text: Ihe Effects of Exchange Rates on the Economy.
Unit Twelve
Text:The Balance of Payments
Additional Text: International Monetary Systems
Unit Thirteen
Text: Fiscal and Monetary Policy.
Additional Text: Lags in the Economy's Response to Monetary and Fiscal Policy
Unit Foutteen
Text: Role of Government in the Economy,
Additional Text: Government's Policies Toward Externalities
Appendix Ⅰ Answers to Exercises,
Appendix Ⅱ Chinese Translation of the Texts
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