Page

Part one. Coursebook

1

Chapter 1. Background for economics

2

Unit 1. Economics

3

Unit 2. Economics systems

12

Unit 3. Microeconomics

19

Unit 4. Macroeconomics

28

Unit 5. Demand and supply

35

Chapter 2. Public Finance

45

Unit 6. Public finance

46

Unit 7. Fiscal policy

55

Unit 8. Taxation

62

Unit 9. Different types of taxes

69

Unit 10. Insurance

78

Chapter 3. Money, Banking and finance markets

82

Unit 11. Money and its functions

83

Unit 12. Monetary policy

92

Unit 13. Banking business

100

Unit 14. The foreign exchange market

108

Unit 15. The finance markets

115

Chapter 4. Business administration

124

Unit 16. Corporate finance

125

Unit 17. Funding the business

133

Unit 18. Management  of working capital

140

Unit 20. Marketing

146

Unit 19. Setting the price

154

Chapter 5. Accounting

159

Unit 21. What is accounting?

160

Unit 22. Finance statements

167

Unit 23. Balance sheet

173

Unit 24. Income statement

179

Unit 25. Finance analysis

186

Unit 26. Auditing

194

Chapter 6. International economics

201

Unit 27. International business

202

Unit 28. Balance of payments

214

Unit 29. Trade barriers

221

Unit 30. Trade surpluses and deficits

228

Part 2. Reading texts for reference

233

Unit 31. The roles of the Central Bank

235

Unit 32. Analysis of market opportunities

241

Unit 33. Market planning

245

Unit 34. The promotion mix in marketing

248

Unit 35. Pricing strategies

250

Unit 36. Marketing strategy and product development

254

Unit 37. Categories for financial analysis

261

Unit 38. Financial ratios

261

Unit 39. The roles of auditors

265

Unit 40. Distinction between auditing and accounting

270