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Economics is a social science. This means that economics has two important attributes. Economics studies human activities and constructions in environments with scarce resources, and uses the scientific method and empirical evidence to build its base of knowledge. The evaluation of human interactions as it relates to preferences, decision making, and constraints is a significant foundation of economic theory. The complexity of the dynamics of human motivation and systems has led to the establ…

Economics is a social science. This means that economics has two important attributes. Economics studies human activities and constructions in environments with scarce resources, and uses the scientific method and empirical evidence to build its base of knowledge.

The evaluation of human interactions as it relates to preferences, decision making, and constraints is a significant foundation of economic theory. The complexity of the dynamics of human motivation and systems has led to the establishment of assumptions that form the basis of the theory of consumer and firm behavior, both of which are used to model circular flow interactions within the economy.


Table Of Content :

1 Principles of Economics
2 The Market System
3 Introducing Supply and Demand
4 Economic Surplus
5 Consumer Choice and Utility
6 Elasticity and its Implications
7 Market Failure: Externalities
8 Market Failure: Public Goods and Common Resources
9 Production
10 Competitive Markets
11 Monopoly
12 Monopolistic Competition
13 Oligopoly
14 Inputs to Production: Labor, Natural Resources, and Technology
15 Challenges to Efficient Outcomes
16 Taxes and Public Finance
17 Income Inequality and Poverty
18 Introduction to Macroeconomics
19 Measuring Output and Income
20 Economic Growth
21 Inflation
22 Unemployment
23 Inflation and Unemployment
24 Aggregate Demand and Supply
25 Major Macroeconomic Theories
26 Fiscal Policy
27 The Monetary System
28 Monetary Policy
29 The Financial System
30 Current Topics in Macroeconomics
31 International Trade
32 Open Economy Macroeconomics
33 Economic Crises
34 Interest and Profit
35 Health Care Economics
36 Natural Resource Economics
37 Agriculture Economics
38 Immigration Economics


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