Unit One
Text： Demand and Supply
Additional Text： Price Elasticity of Demand
Unit Two
Text： Cost of Production
Additional Text： Economies and Diseconomies of Scale
Unit Three
Text： Monopoly
Additional Text： Perfect Competition
Unit Four
Text： Oligopoly
Additional Text： Monopolistic Competition
Unit Five
Text： Gross Domestic Product
Additional Text： Sources of Economic Development
Unit Six
Text： Inflation
Additional Text： Unemployment
Unit Seven
Text： Money and Banking
Additional Text： The U. S. Central Bank： The Federal Reserve System
Unit Eight
Text： Foreign Exchange and Exchange Rate
Additional Text： The Effects of Exchange Rates on the Economy
Unit Nine
Text： The Balance of Payments
Additional Text： International Monetary Systems
Unit Ten
Text： Fiscal and Monetary Policy
Additional Text： Role of Government in the Economy
Unit Eleven
Text： Population
Additional Text： The Consequences of High Fertility： Some Conflicting Opinions
Unit Twelve
Text： Environmental Protection
Additional Text： Methods of Pollution Control
Unit Thirteen
Text： WTO
Additional Text： National Competitive Advantage and Diamond Model
Unit Fourteen
Text： Nontariff Barriers
Additional Text： Dumping and Antidumping
Unit Fifteen
Text： Foreign Aid
Additional Text： Foreign Direct Investment and Multinational Enterprises
Unit Sixteen
Text： Economic Globalization
Additional Text： Regional Economic Integration
Appendix Ⅰ Answers to Exercises
Appendix Ⅱ Chinese Translation of the Texts
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