DR VICKI FEAST is Associate Professor and Dean: Teaching and Learning in the Division of Business and Enterprise at the University of South Australia, Adelaide. Although Vicki has been Dean since 1999, she also lectures in first year economics offshore in Hong Kong in a large undergraduate business program in which RWE is a key resource. In the pursuit of lifelong learning, Vicki has combined her two interests in economics and education by completing a Bachelor of Economics and a Diploma in Education (Flinders University), a Graduate Diploma in Economics (Adelaide University), Master of Commerce (University of South Australia) and most recently graduating in April 2003 with a Doctor of Education (Flinders University)". KEN ADAMS is subject coordinator and principal lecturer in "Economic Environment", a core subject for some 34 degree offerings in the Division of Business and Enterprise at UniSA. As such, Ken is responsible for the teaching, tutoring and setting of exams for approximately 1,500 students annually, both internally and externally as well as offshore duties in Hong Kong on a regular basis. An economics graduate of Flinders University, he taught at secondary level from 1976-84 before turning his hand to several successful business ventures from 1983-1994. After retiring from the private sector, Ken was lured back to the education industry in 1995, where his outstanding student evaluations and passion for economics led to him being appointed to his current position.

• PreliminariesAbout the authorsIntroductionSupplement 1Media Watch Approach: Some useful economics web sitesSupplement 2Use and integration of graphs in writing economics answersSupplement 3Graduate qualitiesPart 1: Topics common to micro and macro economicsChapter 1The economic perspectiveChapter 2Demand, supply and elasticityChapter 3Business organisationChapter 4International tradePart 2: MicroeconomicsChapter 5Consumer behaviour and choiceChapter 6Costs of productionChapter 7Perfect competitionChapter 8MonopolyChapter 9OligopolyChapter 10Monopolistic competitionChapter 11Market failureChapter 12Microeconomic reform and competition policyPart 3: MacroeconomicsChapter 13Measuring macroeconomic activityChapter 14UnemploymentChapter 15InflationChapter 16The Keynesian aggregate expenditure modelChapter 17Aggregate demand/aggregate supplyChapter 18Fiscal policyChapter 19Money/ monetary policyChapter 20Exchange ratesChapter 21Macroeconomic debateChapter 22Poverty and inequalityEnd matterSolutions in brief