Economics The Basics

·    WEALTH AND POVERTY

·    THREE DECISION-MAKING SYSTEMS

·    TRADITIONAL AGRICULTURE

·    MARKET AGRICULTURE

·    PLANNED AGRICULTURE

·    EFFICIENCY AND EQUITY

·    OPPORTUNITY COST

·    THE MODERN, MIXED ECONOMY

·    PRICES, MARKETS AND COFFEE

·    THE PRICE MECHANISM

·    THE ALLOCATION OF RESOURCES

·    Market Demand

·    Shifts in Demand

·    Market Supply

·    Shifts in Supply

·    THE BUSINESS OF SUPPLY

·    CAPITAL, INVESTMENT AND GROWTH

·    PRODUCTION THEORY

·    The Optimum Size of Firm

·    COMPETITION, PRICES AND PROFITS

·    MONOPOLY AND OLIGOPOLY

·    Oligopolistic Rivalry

·    CONCLUSION

·    INFLATION AND UNEMPLOYMENT – BOOM AND BUST

·    THE FALLACY OF COMPOSITION

·    THE CIRCULAR FLOW MODEL

·    Booms and Slumps

·    THE CONTINUING DEBATE

·    THE CONTROVERSIAL CORRELATION

·    CONCLUSION2

·    MONEY, BANKS, BUBBLES AND CRISES

·    A Measure

·    COMMERCIAL BANKING

·    MONETARY POLICY WITH GLOBAL MARKETS

·    MONETARY POLICY WITH GLOBAL MARKETS

·    THE BALANCE OF PAYMENTS

·    The Disadvantages

·    CAN WE REDUCE POVERTY AND PROTECT THE ENVIRONMENT?...

·    GROWTH THEORY

·    Technological Progress

·    Policy Reforms

·    New Institutional Economics

·    Geography?

·    Market Failure

·    SUSTAINABLE DEVELOPMENT

·    Renewable Resources