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Economics: 50 Essential Ideas
About this book
How do labour markets work? Is it better to aim for inflation or full employment? How can developing countries escape the poverty trap? Economics explores how we produce, consume and distribute resources and the incentives, financial or otherwise, that motivate our behaviour. As our approach to money and markets has changed over the centuries, great thinkers have sort to explain their workings. In this beautifully illustrated book, the author introduces you to the fascinating world of economics and its greatest practitioners.Ranging from demand and supply to globalization and international trade to game theory and featuring ideas from such esteemed economists as Adam Smith, John Maynard Keynes and Milton Friedman, this essential guide will bring you up to speed on the core themes and theories of this great subject. ABOUT THE SERIES: The 50 Essential Ideas series brings together entertaining, highly visual guides to different disciplines, from philosophy to physics. It explores the subject's 50 greatest ideas, giving readers an accessible overview of its defining theories and breakthroughs.
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Information
Table of contents
- Cover
- Title
- Contents
- Introduction
- 1 Money
- 2 Economic Growth
- 3 Limits to Economic Growth
- 4 Supply and Demand
- 5 Opportunity Cost
- 6 Division of Labour
- 7 Marginal Revolution
- 8 Diminishing Returns
- 9 The Free Market
- 10 Monopoly
- 11 Game Theory
- 12 Pricing Strategies
- 13 Elasticity
- 14 Supply-side Policies
- 15 Incentives
- 16 Price Controls
- 17 Inflation
- 18 Deflation
- 19 Stagflation
- 20 Recessions
- 21 Unemployment
- 22 Boom and Bust
- 23 Government Borrowing
- 24 Public Goods
- 25 Privatization
- 26 Bond Markets
- 27 Exchange Rates
- 28 Balance of Payments
- 29 Monetary Policy
- 30 Liquidity Trap
- 31 Multiplier Effect
- 32 Comparative Advantage
- 33 Globalization
- 34 Tariffs and Free Trade
- 35 The Euro
- 36 Foreign Aid
- 37 Inequality
- 38 Minimum Wages
- 39 Behavioural Economics
- 40 Moral Hazard
- 41 Modern Monetary Theory (MMT)
- 42 Happiness and Economics
- 43 Externalities
- 44 Carbon Pricing
- 45 Oil and Alternative Energy
- 46 Sunk Cost Fallacy
- 47 Luddite Fallacy
- 48 Creative Destruction
- 49 Impact of Immigration
- 50 Housing Market
- Picture Credits
- Copyright