ABSTRACT
Understanding Economics presents an interesting and accessible introduction to key economic ideas. The book clearly shows the relevance of economics to everyday situations. Examples are drawn from the internal workings of households, business firms and non-profit organizations. The book is user friendly in both style and content and requires no prior knowledge of economics and minimal mathematics.
TABLE OF CONTENTS
part |150 pages
Basic Concepts
chapter |8 pages
Introduction
chapter |21 pages
Scarcity, choice and time
chapter |27 pages
Specialization, exchange and uncertainty
chapter |29 pages
Law, custom and money
chapter |37 pages
Markets, prices and allocation
chapter |26 pages
Government, pricing and non-market allocation
part |132 pages
The Economics of Organizations
chapter |32 pages
The household
chapter |47 pages
The business firm I
chapter |27 pages
The business firm II
chapter |24 pages
Non-profit ‘firms'
part |125 pages
Investment, Risk and Uncertainty