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Aprašymas

Volume I of Economics and All That explains fundamental concepts of economics to both students and members of the lay audience who want to learn more about such things as markets and money and banks and finance. The title of this book is borrowed from the tongue-in-cheek thousand-year history of England called 1066 and All That, which has been a classic for almost a century.

The book uses humorous examples to help readers understand many of the basic concepts of economics, some of which are:

Supply and Demand

Conspicuous Consumption

The Invisible Hand

Paradox of Value

Pareto Efficiency

Moral Hazard

Game Theory and the Prisoner's Dilemma

Normal and Inferior Goods

Giffen Goods

Perfect Competition

The Time Value of Money

Derivatives

Financial Bubbles

The Yield Curve

Cryptocurrencies