Economics 101 : from consumer behavior to competitive markets-everything you need to know about economics / Alfred Mill with Michele Cagan, CPA.

Includes index.

What is economics? -- Trade-offs and opportunity cost -- The emergence of free trade and the importance of comparative advantage -- International and trade barriers -- Traditional, command, and market economies -- Modern economic theories -- Information and behavioral economics -- Capitalism versus socialism -- Barter and the development of money -- Inconvertible fiat explored -- The time value of money and interest rates -- A brief history of banking -- Banks as a system: regulation and deregulation -- Supply and demand: markets -- Supply and demand: consumer behavior -- Supply and demand: a price is born -- Changes in supply and demand -- Accounting versus economics -- The production function -- Perfect competition in the short and long run -- Oligopolies and imperfectly competitive markets -- Collusion and cartels -- Game theory -- Pricing behaviors -- Monopoly: the good, the bad, and the ugly -- Government in the marketplace: taxes and subsidies -- Government in the marketplace: taxes and subsidies -- Market failures -- Financial markets and loanable funds theory -- The money market -- The bond market -- The stock market -- Foreign exchange and foreign trade -- Cryptocurrency -- Economic sectors -- The gross domestic product -- GDP: private spending and investment -- GDP: government spending and exports -- Approaches to GDP -- Real GDP changes and the business cycle -- What GDP doesn't tell us -- Unemployment defined -- Inflation defined -- Inflation: winners and losers -- Disinflation and deflation -- Aggregate demand and aggregate supply -- Macroeconomic equilibrium -- The Keynesian view and fiscal policy -- The federal reserve system -- Monetary policy -- Supply-side economics -- Economic growth -- Conditions for economic growth -- How economic policy affects growth -- The great depression meets the great recession -- The collapse of investment banking -- Fiscal policy under fire -- The environment and the economy -- Index.

"Too often, textbooks turn the noteworthy details of economics into tedious discourse that would put even Joseph Stiglitz to sleep. This new edition of Economics 101 cuts out the boring explanations and instead provides a hands-on lesson that keeps you engaged as you explore how societies allocate their resources for maximum benefit. From quantitative easing to marginal utility, this primer is packed with hundreds of entertaining tidbits and concepts that you won't be able to get anywhere else. You'll learn the basics on terms such as monopolies and oligopolies, game theory, inflation, price ceilings, and so much more. Have you ever wondered about the origin of banking or how banks create money? This book has all the answers. Whether you're looking to master major principles of finance or just want to learn more about why money matters, Economics 101 has all the answers-even the ones you didn't know you were looking for"--