Economics and All That: Volume 1

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 DemandConspicuous ConsumptionThe Invisible HandParadox of ValuePareto EfficiencyMoral HazardGame Theory and the Prisoner's DilemmaNormal and Inferior GoodsGiffen GoodsPerfect CompetitionThe Time Value of MoneyDerivativesFinancial BubblesThe Yield CurveCryptocurrencies