Quick Win Economics : Answers to your top 100 Economics questions by Kinsella, Stephen instant download

Quick Win Economics : Answers to your top 100 Economics questions by Kinsella, Stephen instant download

1 online resource (205 pages), QUICK WIN ECONOMICS is aimed at practical people who understand that economics is important, because economic models inform the most powerful people in the world, who make decisions based on the advice of economists. Those decisions affect the daily lives of millions of people, for better and for worse. The mistakes of economists can have serious consequences. It pays to know what they are talking about. QUICK WIN ECONOMICS will help you decode economic phenomena - for example, you'll find out exactly why a change in central bank lending rates will change your mortgage, making you richer, o, INTRODUCTION; ACKNOWLEDGEMENTS; ECONOMICS ESSENTIALS; Q1 What is economics?; Q2 What is an economic model?; Q3 What are variables -- and which matter most?; Q4 What are economic indicators?; Q5 How do economists think about costs?; Q6 What are the factors of production?; Q7 What is 'rent'?; Q8 What is marginal analysis?; Q9 What is opportunity cost?; Q10 What is utility?; Q11 What is a price?; Q12 Why do economists focus on the consumer?; Q13 Why do economists assume people are rational?; Q14 What is bounded rationality?; Q15 Why are expectations important?; Q16 What is consumer surplus?, Q17 What is producer surplus?Q18 What is a deadweight loss?; Q19 What are economic incentives and why do people react to them?; Q20 What is the 'market'?; Q21 What is market failure?; Q22 What is equilibrium?; Q23 What are excess supply and excess demand?; Q24 What are comparative statics?; Q25 What is market structure?; Q26 Why do monopolies matter?; Q27 What is aggregate demand / supply?; Q28 Why are the supply chains of some companies more connected than others?; Q29 What is a barrier to entry or exit?; Q30 What is game theory and how does it help to make people better off?, Q31 What is an index?Q32 What is arbitrage?; Q33 What is economic geography?; Q34 What is an economic identity?; Q35 Why do economists use graphs?; Q36 Why do economists use equations and…