Economics

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WAGmob brings you Simple 'n Easy, on-the-go learning book for "Economics".

The book provides:

Snack sized chapters for easy learning.

This book provides a quick summary of essential concepts in Economics by following snack sized chapters:

Introduction to Economics:
€ Introduction.
€ What is the use of Economics?
€ Who is an Economist?
€ What are Economists Expected to do?
€ Basis Terms and Definitions.

Ten Principles of Economics:
€ Ten Principles of Economics.
€ 1: People Face Tradeoffs.
€ 2: The Cost of Something is What You Give Up.
€ 3: Rational People Think at the Margin.
€ 4: People Respond to Incentives.
€ 5: Trade Can Make Everyone Better Off.
€ 6: Markets are usually a Good Way to Organize Economic Activity.
€ 7: Governments can Sometimes Improve Market Outcomes.
€ 8: A Country's Standard of Living Depends on its Ability to Produce Goods and Services.
€ 9: Prices Rise When the Government Prints Too Much Money.
€ 10: Society Faces a Short-Run Tradeoff between Inflation and Unemployment.

Theories of Economic Development and Growth:
€ Economic Development.
€ 3 Dominant Development Theories.
€ What is Economic Growth?
€ Theories of Economic Growth.
€ Classical Growth Theory.
€ Neoclassical Growth Theory.
€ New Growth Theory.
€ Growth in the Global Economy.
€ Role of Government in Economics Growth.

Macroeconomics and Microeconomics:
€ What is Macroeconomics?
€ Macroeconomic Issues.
€ Macroeconomic Policies.
€ Gross Domestic Product.
€ What is Microeconomics?
€ Microeconomic Models.
€ Microeconomics vs. Macroeconomics.

Utility:
€ Utility.
€ Marginal Utility.
€ Law of Diminishing Marginal Utility.
€ Marginal Utility of Water.
€ Individual Demand.
€ Diamond-Water Paradox.

Demand and Supply:
€ Demand.
€ Law of Demand.
€ Demand Curve.
€ Price and Demand Curve.
€ Shift in Demand Curve.
€ Factors Affecting Demand Curve.
€ Increase or Decrease of Demand.
€ Supply.
€ Law of Supply.
€ Supply Curve.
€ Shift in Supply Curve.
€ Market Supply.
€ Price and Supply Curve.

Equilibrium:
€ Equilibrium.
€ Equilibrium Price.
€ Equilibrium Quantity.
€ Surplus Supply.
€ Law of Supply and Demand.
€ An Increase in Demand Affects Equilibrium.
€ Shift in Curve.
€ Movements along Curves.

Price Elasticity of Supply and Demand:
€ Price Elasticity of Supply and Total Revenue.
€ Elastic Supply.
€ Inelastic Supply.
€ Perfectly Inelastic Supply.
€ Perfectly Elastic Supply.
€ Total Revenue and Elasticity.
€ Total Revenue and Inelastic Demand Curve.
€ Elastic Demand Curve.
€ Elasticity.
€ Price Elasticity of Demand.
€ Ranges of Elasticity.
€ Determinants of Price Elasticity of Demand.
€ Mid-point Formula.
€ Unit Elastic Demand.
€ Relatively Elastic Demand.
€ Perfectly Elastic Demand.
€ Perfectly Inelastic Demand.
€ Relatively Inelastic Demand.

Managerial Economics:
€ Managerial Economics.
€ What is Managerial Economics?
€ Application of Economics to Business Management.
€ Characteristics of Managerial Economics.
€ Scope of Managerial Economics.
€ Demand Analysis and Forecasting.
€ Cost and Production Analysis.
€ Pricing Decisions, Policies, and Practices.
€ Profit Management.
€ Capital Management.
€ Nature of Managerial Economics.
€ Economic Intelligence.

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