The rough guide to economics : from first principles to the financial crisis

Explains the basics of economics, covering such topics as supply and demand, equilibrium, inflation, international trade, markets, competition, and crises.The financial crisis and resulting global problems have dramatically demonstrated the importance of economics to everyday life. The Rough Guide to Economics explains the basics of the subject in an engaging, accessible, yet rigorous way and demonstrates the power of economic models when explaining the activities of consumers, businesses, governments, and the economy in general.Learn all you need to know about supply and demand, equilibrium, inflation, growth, and international trade, as well as markets, competition, and the development of economic thought with The Rough Guide to Economics. From first economic principles to the financial crisis The Rough Guide to Economics takes you through the financial crisis of 2007 and 2008 and its resulting global problems and explores economics right from its foundations to the present day. Issues caused by the recent financial crisis continue to dominate news across the world and if you want to gain a clear understanding of how economics are central to your world, the Rough Guide to Economics is the ideal no-nonsense guide for you. It explains everything you need to know about monetary policy, inflation, international trade and all the major topics within economics. With the election not too far off it also provides clear-cut information on government tax and spending decisions. You'll discover how economics can illuminate topics as diverse as globalization and development, climate change, and poverty. You'll even be able to see the relevance of economics to topics closer to home such as friendship, smoking and K-pop, and how findings from psychology have influenced economic thinking. Whether you want to learn about economics for work or studies, need a handy reference, or want a clear understanding of the effect of economics on your world, the Rough Guide to Economics is the book for you, with no knowledge of mathematics required. The basics. What is economics? -- The economic mindset: homo economicus vs. behavioural economics -- Markets and competition- the invisible hand. Demand -- Production and supply -- Markets, equilibrium, and the welfare theorems -- Market and government failure. Externalities and public goods -- Monopoly -- Further topics in microeconomics. Game theory and oligopoly -- Information and contracting -- The economics of finance -- Macroeconomics- "the economy". Basics of national income accounting -- Economic growth -- The classical model -- The Great Depression and Keynes -- The Phillips curve, Friedman, and monetarism -- Open-economy macroeconomics -- Hot Topics. Globalization and international trade -- Development economics -- The financial crisis of 2007-8. The basics Markets and competition: the invisible hand Market and government failure Further topics in microeconomics Macroeconomics: "the economy" Hot topics. The financial crisis and resulting global problems have dramatically demonstrated the importance of economics to everyday life. The Rough Guide to Economics explains the basics of the subject in an engaging, accessible, yet rigorous way and demonstrates the power of economic models when explaining the activities of consumers, businesses, governments, and the economy in general.Learn all you need to know about supply and demand, equilibrium, inflation, growth, and international trade, as well as markets, competition, and the development of economic thought with The Rough Guide to Economics.Now available in PDF format. The financial crisis and resulting global problems have dramatically demonstrated the importance of economics to everyday life. The Rough Guide to Economics explains the basics of the subject in an engaging, accessible, yet rigorous way and demonstrates the power of economic models when explaining the activities of consumers, businesses, governments, and the economy in general. Learn all you need to know about supply and demand, equilibrium, inflation, growth, and international trade, as well as markets, competition, and the development of economic thought with The Rough Guide to Economics . An introduction to economics, from its foundations up to the financial crisis of 2007-08 and its resulting global problems. You'll discover the relationships between economics and globalization, climate change, poverty-- and even smoking and nuclear war. From first economic principles to the financial crisis, this book takes you through the financial crisis of 2007 and 2008 and its resulting global problems and explores economics right from its foundations to the present day.