ECONOMICS

ECONOMICS

Economics  ❘ Freeware
Android
Latest Version
 
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Economics: Your Comprehensive Guide to Economic Principles

Peter Salakani

ECONOMICS by Economics offers an in-depth exploration of core economic concepts, suitable for both novices and seasoned professionals alike.
2025 Editor's Rating

Economics is a multifaceted discipline, commonly defined through various lenses: it encompasses the study of scarcity, the examination of resource allocation, and the exploration of decision-making processes. While economic discourse often gravitates towards themes like wealth, finance, recession, and banking—resulting in a prevalent but narrow perception that economics is primarily about money and stock markets—it actually extends far beyond these confines. Economics provides valuable insights into historical trends, aids in interpreting contemporary events, and facilitates predictions regarding future developments.

A fundamental principle of economics is that individuals possess desires and will adjust their behaviors in pursuit of those desires; this dynamic illustrates the concept of incentives driving human action.

The scope of economic study ranges from individual choices, referred to as microeconomics—such as how one decides to allocate their monthly budget—to broader systemic analyses encapsulated by macroeconomics, which examines governmental institutions, industries, central banking practices, and the cyclical nature of markets.

Much of the field relies on empirical data collected by governmental bodies, corporations, or experimental methods to evaluate hypotheses concerning the effects of specific programs or incentives. Additionally, another branch of economics employs theoretical frameworks to forecast behaviors of individuals and market interactions.

The accompanying application on economics provides comprehensive information on economic development and covers essential to advanced topics within the discipline.

The following subjects are addressed in this app:

  • What is Economics?
  • The nature of economics
  • The study of economics
  • The methods used by economists
  • Economic exchange
  • Factors of production
  • Types of production
  • The role of money in exchange
  • The economic problem
  • Choice and opportunity cost
  • Samuelson's three questions
  • Production possibility frontiers
  • Interpreting PPFs
  • Pareto efficiency
  • Increasing opportunity cost
  • Marginal analysis
  • Index numbers
  • Missing markets
  • Pure public goods
  • Incomplete markets
  • Quasi public goods
  • Turnpikes
  • Merit goods
  • The supply of merit goods
  • Merit goods and positive consumption externalities
  • Education as a merit good
  • Property rights
  • Economic exchange
  • Scarcity
  • Efficiency
  • Economic Systems
  • Cost-Benefit Analysis
  • Wellbeing and Welfare
  • Incentives
  • Inflation
  • GDP
  • Economic Growth
  • Exchange and Trade
  • Demand
  • Supply
  • Aggregate Supply
  • Aggregate Demand
  • Business Cycles
  • Employment and Unemployment
  • Insurance
  • Barriers to Trade
  • Balance of Trade and Balance of Payments
  • Money
  • Foreign Currency Markets and Exchange Rates
  • Financial Markets
  • Saving and Investing
  • Human Capital
  • Globalization, Interdependence, and Local Trade
  • Productive Resources
  • Environmentalism
  • Productivity
  • Economic Development
  • Income Distribution
  • Profit
  • Income Inequality
  • Total Policy



  • {Roles of Government}



  • {Credit}



  • {Market Failures, Public Goods, and Externalities}



  • {Government Failures, Rent Seeking, and Public Choice}



  • {Government Budget Deficits and Government Debt}



  • {Compound Interest}



  • {Entrepreneurs}



  • {Producers}



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Overview

ECONOMICS is a Freeware software in the category Education developed by Economics.

The latest version of ECONOMICS is currently unknown. It was initially added to our database on 02/27/2014.

ECONOMICS runs on the following operating systems: Android.

ECONOMICS has not been rated by our users yet.

Pros

  • Comprehensive coverage of economic theories and principles
  • User-friendly interface with intuitive navigation
  • Interactive tools and simulations to facilitate learning
  • Regular updates with the latest economic data and analysis
  • Access to a community of learners and professionals for networking

Cons

  • Potentially overwhelming for beginners unfamiliar with economics concepts
  • Some features may require a subscription for full access
  • Limited offline functionality without internet connectivity
  • Not suitable for advanced econometric analysis or specialized topics
  • User reviews may indicate a steep learning curve for certain functions

FAQ

What topics are covered in the 'ECONOMICS' book?

The 'ECONOMICS' book covers fundamental concepts such as supply and demand, market structures, economic indicators, monetary and fiscal policy, international trade, and economic theories.

Is this book suitable for beginners?

Yes, the 'ECONOMICS' book is designed to be accessible for beginners and provides clear explanations of complex concepts.

What are the main features of the 'ECONOMICS' book?

Features include real-world examples, case studies, graphs and charts, summary points at the end of each chapter, and review questions for self-assessment.

Is there an accompanying online resource or website for the book?

Yes, there is an online resource that offers supplementary materials such as quizzes, flashcards, and additional readings.

Can this book be used for self-study?

Absolutely! The 'ECONOMICS' book is formatted to support self-study with clear organization and manageable chapters.

Are there any prerequisites for reading this book?

There are no formal prerequisites. A general interest in economics or social sciences may enhance understanding but is not necessary.

Who is the author of the 'ECONOMICS' book?

The author of the 'ECONOMICS' book is a well-known economist with expertise in various fields of economics.

Does the book include current economic events or trends?

Yes, the book often includes discussions on current economic events and trends to illustrate concepts in a real-world context.

How does this book compare to other economics textbooks?

The 'ECONOMICS' book is known for its readability and practical approach, making it more engaging compared to some traditional textbooks.

Is there a student edition available?

Yes, a student edition of the 'ECONOMICS' book is available with additional resources tailored for classroom use.


Peter Salakani

Peter Salakani

I'm Peter, a software reviews author at UpdateStar and content specialist with a keen focus on usability and performance. With a background in both software development and content creation, I bring a unique perspective to evaluating and discussing general software topics. When I'm not reviewing software, I enjoy staying updated on the latest tech trends, experimenting with new applications, and finding innovative solutions to everyday tech challenges.

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