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    Economics (English Edition)

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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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