Includes bibliographic references and index.

Introduction to mircoeconomics -- Demand, supply and market equilibrium -- Elasticties of demand and supply -- The consumer and demand -- The firm and supply -- Market structures -- Factor markets -- Market and states -- Mircoeconomic policy issues in ireland -- Introduction to macroeconomics -- Measuring the macroeconomy -- The Keynesian revolution -- The determination of national income -- Money, interest rates, the Central Bank and monetary policy -- A basic framework for macroeconomic analysis : the IS [or] LM Model -- Open economy marcoeconomics -- Explaining the macroeconomy : the AD [or] AS Model -- Macroeconomics issues -- Economic growth and the Irish economy -- Development and transition.

This is an updated edition of this successful textbook, which introduces the theory and practice of economics within an Irish and European context, with particular reference to both recent and current economic conditions.