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Economics 101

Book Description

A Crash Course in the Study of Production and Consumption!

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.

So 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.

Table of Contents

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