Economics Textbook

Economics is a social science. This means that economics has two important attributes. Economics studies human activities and constructions in environments with scarce resources, and uses the scientific method and empirical evidence to build its base of knowledge.

The evaluation of human interactions as it relates to preferences, decision making, and constraints is a significant foundation of economic theory. The complexity of the dynamics of human motivation and systems has led to the establishment of assumptions that form the basis of the theory of consumer and firm behavior, both of which are used to model circular flow interactions within the economy.

Table Of Content :

1 Principles of Economics

2 The Market System

3 Introducing Supply and Demand

4 Economic Surplus

5 Consumer Choice and Utility

6 Elasticity and its Implications

7 Market Failure: Externalities

8 Market Failure: Public Goods and Common Resources

9 Production

10 Competitive Markets

11 Monopoly

12 Monopolistic Competition

13 Oligopoly

14 Inputs to Production: Labor, Natural Resources, and Technology

15 Challenges to Efficient Outcomes

16 Taxes and Public Finance

17 Income Inequality and Poverty

18 Introduction to Macroeconomics

19 Measuring Output and Income

20 Economic Growth

21 Inflation

22 Unemployment

23 Inflation and Unemployment

24 Aggregate Demand and Supply

25 Major Macroeconomic Theories

26 Fiscal Policy

27 The Monetary System

28 Monetary Policy

29 The Financial System

30 Current Topics in Macroeconomics

31 International Trade

32 Open Economy Macroeconomics

33 Economic Crises

34 Interest and Profit

35 Health Care Economics

36 Natural Resource Economics

37 Agriculture Economics

38 Immigration Economics

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