Basic Economics

The basic lessons of Economics are the discussion topics of this app.

Economics is a very important subject. Economics may appear to be the study of complicated tables and charts, statistics and numbers, but, more specifically, it is the study of what constitutes rational human behavior in the endeavor to fulfill needs and wants. In this app the basic idea of economics is described. It can help those who want to know the idea of Economics.

The lessons included in this app are:

Overview

Definitions

1. History

History of Economic Thought

1.1 Classical Political Economy

1.2 Marxism

1.3 Neoclassical Economics

1.4 Keynesian Economics

1.5 Chicago School of Economics

1.6 Other Schools and Approaches

2.Micro Economics

Introduction

2.1 Markets

2.2 Production, Cost, and Efficiency

2.3 Specialization

2.4 Supply and Demand

2.5 Firms

2.6 Uncertainty and game theory

2.7 Market Failure

2.8 Public Sector

3. Macro Economics

Macro Economics

3.1 Growth

3.2 Business Cycle

3.3 Unemployment

3.4 Inflation and Monetary Policy

3.5 Fiscal Policy

4. Behavioral Economics

4.1 Behavioral Economics

4.2 Rational Choice

4.3 Prospect Theory

4.4 Bounded Rationality

4.5 Mental Accounting

4.6 Too Much Information: Choice Overload

4.7 Limited Information: The Importance of Feedback

4.8 Information Avoidance

4.9 “Irrational” Decision Making: The Example of the Psychology of Price

4.10 Dual-System Theory

4.11 Temporal Dimensions

4.12 Social Dimensions

4.13 Summary and Implications

5. (GDP)Gross Domestic

Product or Economic Growth

5.1 GDP

5.2 Types of GDP

5.3 How GDP Affects You

5.4 Problems With GDP

6. Practice

6.1 Theory

6.2 Empirical Investigation

6.3 Profession

7. International Economics

8. Related subjects

9. Criticisms

9.1 General Criticisms

9.2 Criticisms of Assumptions