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Economics 101: from consumer behavior to competitive markets--everything you need to know about economics
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English
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Table of Contents
From the Book - 2nd edition.
Introduction
What is economics?
Trade-offs and opportunity cost
The emergence of free trade and the importance of comparative advantage
International trade and trade barriers
Traditional, command and market economies
Modern economic theories
Information and behavioral economics
Capitalism versus socialism
Barter and the development of money
Inconvertible fiat explored
The time value of money and interest rates
A brief history of banking
Banks as a system : regulation and deregulation
Supply and demand : markets
Supply and consumer behavior
Supply and demand : a price is born
Changes in supply and demand
Accounting versus economics
The production function
Perfect competition in the short run
Oligopolies and imperfectly competitive markets
Collusion and cartels
Game theory
Pricing behaviors
Monopoly : the good, the bad, and the ugly
Government in the marketplace : price ceilings and price floors
Government in the marketplace : taxes and subsidies
Market failures
Financial markets and loanable funds theory
The money market
The bond market
The stock market
Foreign exchange and foreign trade
Cryptocurrency
Economic sectors
The gross domestic product
GDP : private spending and investment
GDP : government spending and exports
Approaches to GDP
Real GDP changes and the business cycle
What GDP doesn't tell us
Key economic indicator
Unemployment defined
Inflation defined
Inflation : winners and losers
Disinflation and deflation
Aggregate demand and aggregate supply
Macroeconomic equilibrium
The Keynesian view and fiscal policy
The federal reserve system
US and global economic institutions
Monetary policy
Supply-side economics
Economic growth
Conditions for economic growth
How economic policy affects growth
The great depression meets the great recession
The collapse of investment banking
Fiscal policy under fire
The environment and the economy
Index.
From the Book
What is economics?
Trade-offs and opportunity cost
The emergence of free trade and the importance of comparative advantage
International trade and trade barriers
Traditional economies, command economies, and market economies
Capitalism versus socialism
Barter and the development of money
Inconvertible fiat explored
The time value of money and interest rates
The origin of banking
How banks create money
Banks as a system: regulation and deregulation
Supply and demand: markets
Supply and demand: consumer behavior
Supply and demand: a price is born
Changes in supply and demand
Accounting versus economics
The production function
Controlling costs
Perfect competition in the short run
Perfect competition in the long run
Oligopolies and imperfectly competitive markets
Collusion and cartels
Game theory
Pricing behaviors
Monopoly: the good, the bad, and the ugly
Government in the marketplace: price ceilings and price floors
Government in the marketplace: taxes and subsidies
Market failures
Financial markets and loanable funds theory
The money market
The bond market
The stock market
Foreign exchange and exchange rates
Exports and the balance of trade
Official reserves and exchange rate policy
The private sector and the public sector
The foreign sector
The financial sector and financial markets
The gross domestic product
GDP: private spending and investment
GDP: government spending and exports
Approaches to GDP
Real GDP changes and the business cycle
What GDP doesn't tell us
Unemployment defined
Unemployment classified
Why unemployment is bad
Inflation defined
Types of inflation
Inflation: winners and losers
Disinflation and deflation
Aggregate demand and aggregate supply
Macroeconomic equilibrium
The Keynesian view and fiscal policy
The federal reserve system
Monetary policy
Supply-side economics
Economic growth
Conditions for economic growth
How economic policy affects growth
The great depression meets the great recession
The collapse of investment banking
Fiscal policy under fire
The environment and the economy.
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ISBN
9781507222386
9781440593406
144059340
9781440593406
144059340