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Contents: Preface to the Second Edition Preface to the First EditionPart I: Methodology 1. How Do Economists Approach Micro-Economic Policy? 2.Why do Governments Need Microeconomic Polices? 3. Relevance to BusinessManagement of Microeconomics and Microeconomic Policy Part II: Demand,Supply, Markets and Policy 4. Competitive Markets and Price Regulation 5.Consumers and Policy 6. Costs, Supply and Policy Part III: ImperfectMarkets 7. The Behaviour of Firms 8. Monopoly - Consequences, Regulationand Prevention 9. Oligopoly and Policy-Making 10. Ownership of Enterprises:Public or Private? Part IV: Factor Markets and Policy 11. Labour Markets12. Human Capital and Social Policy 13. Trade Unions Part V: Public Choice14. Do Votes Determine Polices? A Public Choice Perspective on Policy 15.The Contract State Part VI: Global Applications 16. The State of theEnvironment and the Availability of Natural Resources 17. Defence,Disarmament and Conflict Index