Economics 101
eBook - ePub

Economics 101

From Consumer Behavior to Competitive Markets--Everything You Need to Know About Economics

  1. 256 pages
  2. English
  3. ePUB (mobile friendly)
  4. Available on iOS & Android
eBook - ePub

Economics 101

From Consumer Behavior to Competitive Markets--Everything You Need to Know About Economics

About this book

So much of the world revolves around economics, so why do most texts make it so dull and difficult to learn? But learning economics doesn't have to be boring. In Economics 101, you'll see how learning economics can be engaging. Too often, textbooks turn the noteworthy details of economics into tedious discourse that would put even Joseph Stiglitz to sleep. Economics 101 cuts out the boring explanations and instead provides a hands-on lesson that keeps you engaged as you explore how societies allocate their resources for maximum benefit.From quantitative easing to marginal utility, this primer is packed with hundreds of entertaining tidbits and concepts that you won't be able to get anywhere else. You'll learn the basics on terms such as, monopolies and oligopolies, game theory, inflation, price ceilings, and so much more. Have you ever wondered about the origin of banking or how banks create money? You'll find those answers here.Whether you're looking to master the major principles of finance, or just want to learn more about why money matters, Economics 101 has all the answers—even the ones you didn't know you were looking for.

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Information

Publisher
Adams Media
Year
2016
eBook ISBN
9781440593413
Topic
Economics
Subtopic
Economic Theory
Index
Economics
George Segal’s Depression Bread Line sculpture, which symbolizes the struggles of the Great Depression, at the Franklin Delano Roosevelt Memorial in Washington DC.
Photo Credits: © Michael Thompson/123RF; Victor Pelaez Torres/123RF
The U.S. Department of the Treasury in Washington DC.
Photo Credits: © Michael Thompson/123RF; Victor Pelaez Torres/123RF
Treasury checks.
Photo Credits: © iStockphoto.com/agshotime; Visions Of America LLC/123RF
The Federal Reserve Bank in Washington DC.
Photo Credits: © iStockphoto.com/agshotime; Visions Of America LLC/123RF
Arturo Di Modica’s Charging Bull sculpture in New York City’s Financial District, symbolizing America’s financial power.
Photo Credits: © konstantin32/123RF; Dusit Panyakhom/123RF
Supply and demand chart.
Photo Credits: © konstantin32/123RF; Dusit Panyakhom/123RF
U.S. currency.
Photo Credits: © Joo Lee/123RF; Ashwin Kharidehal Abhirama/123RF; Robert Brown/123RF
World currency.
Photo Credits: © Joo Lee/123RF; Ashwin Kharidehal Abhirama/123RF; Robert Brown/123RF
Nineteenth-century stock certificate.
Photo Credits: © Joo Lee/123RF; Ashwin Kharidehal Abhirama/123RF; Robert Brown/123RF
Stock market electronic board.
Photo Credits: © Thomas Pajot/123RF; Stuart Monk/123RF
New York Stock Exchange.
Photo Credits: © Thomas Pajot/123RF; Stuart Monk/123RF
The North Side Headquarters for the World Bank in Washington DC.
Photo Credits: © Jim Pruitt/123RF; Dmitry Rukhlenko/123RF
Under the gold standard, money is backed by a fixed a...

Table of contents

  1. Cover
  2. Introduction
  3. What is Economics?
  4. Trade-Offs and Opportunity Cost
  5. The Emergence of Free Trade and the Importance of Comparative Advantage
  6. International Trade and Trade Barriers
  7. Traditional Economies, Command Economies, and Market Economies
  8. Capitalism Versus Socialism
  9. Barter and the Development of Money
  10. Inconvertible Fiat Explored
  11. The Time Value of Money and Interest Rates
  12. The Origin of Banking
  13. How Banks Create Money
  14. Banks as a System: Regulation and Deregulation
  15. Supply and Demand: Markets
  16. Supply and Demand: Consumer Behavior
  17. Supply and Demand: A Price is Born
  18. Changes in Supply and Demand
  19. Accounting Versus Economics
  20. The Production Function
  21. Controlling Costs
  22. Perfect Competition in the Short Run
  23. Perfect Competition in the Long Run
  24. Oligopolies and Imperfectly Competitive Markets
  25. Collusion and Cartels
  26. Game Theory
  27. Pricing Behaviors
  28. Monopoly: The Good, the Bad, and the Ugly
  29. Government in the Marketplace: Price Ceilings and Price Floors
  30. Government in the Marketplace: Taxes and Subsidies
  31. Market Failures
  32. Financial Markets and Loanable Funds Theory
  33. The Money Market
  34. The Bond Market
  35. The Stock Market
  36. Foreign Exchange and Exchange Rates
  37. Exports and the Balance of Trade
  38. Official Reserves and Exchange Rate Policy
  39. The Private Sector and the Public Sector
  40. The Foreign Sector
  41. The Financial Sector and Financial Markets
  42. The Gross Domestic Product
  43. GDP: Private Spending and Investment
  44. GDP: Government Spending and Exports
  45. Approaches To GDP
  46. Real GDP Changes and the Business Cycle
  47. What GDP Doesn’t Tell Us
  48. Unemployment Defined
  49. Unemployment Classified
  50. Why Unemployment is Bad
  51. Inflation Defined
  52. Types of Inflation
  53. Inflation: Winners and Losers
  54. Disinflation and Deflation
  55. Aggregate Demand and Aggregate Supply
  56. Macroeconomic Equilibrium
  57. The Keynesian View and Fiscal Policy
  58. The Federal Reserve System
  59. Monetary Policy
  60. Supply-Side Economics
  61. Economic Growth
  62. Conditions For Economic Growth
  63. How Economic Policy Affects Growth
  64. The Great Depression Meets the Great Recession
  65. The Collapse of Investment Banking
  66. Fiscal Policy Under Fire
  67. The Environment and the Economy
  68. Inserts
  69. Copyright