Economics: 50 Key Ideas Unpacked
Published on 25. February 2025
Book
Paperback/Softback
224 pages
978-1-3988-4436-0 (ISBN)
Description
How do labor markets work? Is it better to aim for inflation or full employment? How can developing countries escape the poverty trap?
In this accessible and entertaining guide, readers can explore the key questions that top economists have sought to answer and gain valuable insights into the complex world of economics. Economics educator, Tejvan Pettinger, explores topics ranging from demand and supply to globalization and international trade to game theory, and explores ideas from such esteemed economists as Adam Smith, John Maynard Keynes and Milton Friedman.
Illustrated throughout with diagrams and summary boxes, this essential guide will bring you up to speed on the core themes and theories of this great subject and understand how world economies function.
ABOUT THE SERIES: The Ideas Unpacked series explores several academic topics through their 50 greatest ideas, giving readers an entertaining and accessible overview of a subjects defining theories and thinkers.
In this accessible and entertaining guide, readers can explore the key questions that top economists have sought to answer and gain valuable insights into the complex world of economics. Economics educator, Tejvan Pettinger, explores topics ranging from demand and supply to globalization and international trade to game theory, and explores ideas from such esteemed economists as Adam Smith, John Maynard Keynes and Milton Friedman.
Illustrated throughout with diagrams and summary boxes, this essential guide will bring you up to speed on the core themes and theories of this great subject and understand how world economies function.
ABOUT THE SERIES: The Ideas Unpacked series explores several academic topics through their 50 greatest ideas, giving readers an entertaining and accessible overview of a subjects defining theories and thinkers.
More details
Series
Language
English
Place of publication
United Kingdom
Product notice
Paperback (trade)
Unsewn / adhesive bound
Dimensions
Height: 232 mm
Width: 152 mm
Thickness: 22 mm
Weight
272 gr
ISBN-13
978-1-3988-4436-0 (9781398844360)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Person
Tejvan Pettinger is an Economics teacher who has authored several books on the subject, including Cracking Economics (2017) and Economics Without the Boring Bits (2021). He has contributed articles to the Economic Review, and also runs the popular website economicshelp.org.
Content
Introduction
1 Money
2 Economic Growth
3 Limits to Economic Growth
4 Supply and Demand
5 Opportunity Cost
6 Division of Labour
7 Marginal Revolution
8 Diminishing Returns
9 The Free Market
10 Monopoly
11 Game Theory
12 Pricing Strategies
13 Elasticity
14 Supply-side Policies
15 Incentives
16 Price Controls
17 Inflation
18 Deflation
19 Stagflation
20 Recessions
21 Unemployment
22 Boom and Bust
23 Government Borrowing
24 Public Goods
25 Privatization
26 Bond Markets
27 Exchange Rates
28 Balance of Payments
29 Monetary Policy
30 Liquidity Trap
31 Multiplier Effect
32 Comparative Advantage
33 Globalization
34 Tariffs and Free Trade
35 The Euro
36 Foreign Aid
37 Inequality
38 Minimum Wages
39 Behavioural Economics
40 Moral Hazard
41 Modern Monetary Theory (MMT)
42 Happiness and Economics
43 Externalities
44 Carbon Pricing
45 Oil and Alternative Energy
46 Sunk Cost Fallacy
47 Luddite Fallacy
48 Creative Destruction
49 Impact of Immigration
50 Housing Market
Index
Picture Credits
1 Money
2 Economic Growth
3 Limits to Economic Growth
4 Supply and Demand
5 Opportunity Cost
6 Division of Labour
7 Marginal Revolution
8 Diminishing Returns
9 The Free Market
10 Monopoly
11 Game Theory
12 Pricing Strategies
13 Elasticity
14 Supply-side Policies
15 Incentives
16 Price Controls
17 Inflation
18 Deflation
19 Stagflation
20 Recessions
21 Unemployment
22 Boom and Bust
23 Government Borrowing
24 Public Goods
25 Privatization
26 Bond Markets
27 Exchange Rates
28 Balance of Payments
29 Monetary Policy
30 Liquidity Trap
31 Multiplier Effect
32 Comparative Advantage
33 Globalization
34 Tariffs and Free Trade
35 The Euro
36 Foreign Aid
37 Inequality
38 Minimum Wages
39 Behavioural Economics
40 Moral Hazard
41 Modern Monetary Theory (MMT)
42 Happiness and Economics
43 Externalities
44 Carbon Pricing
45 Oil and Alternative Energy
46 Sunk Cost Fallacy
47 Luddite Fallacy
48 Creative Destruction
49 Impact of Immigration
50 Housing Market
Index
Picture Credits