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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