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Economics 101: from consumer behavior to competitive markets-everything you need to know about economics / Alfred Mill.

By: Mill, Alfred [author]Material type: Text

TextPublisher: Avon, Massachusetts : Adams Media, c2016Description: 288 pages : illustrations (chiefly color) ; 19 cmISBN: 978-1-4405-9340-6Subject(s): ECONOMICSLOC classification: HB171 M55 2016

Contents:

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

Summary: 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. --Publisher's description

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Holdings
Item type	Current library	Home library	Collection	Shelving location	Call number	Status	Date due	Barcode
Books	NU Fairview College LRC	NU Fairview College LRC	School of Business and Accountancy	General Circulation	GC HB 171 M55 2016 (Browse shelf(Opens below))	Available		NUFAI000005202

Includes bibliographical references and index.

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

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. --Publisher's description

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