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Economics Books Offline icon

AspasiaM-23 by Aspasia Apps


Oct 18, 2023

About Economics Books Offline

Learning economics is fun, introduction to basic economics

This app provides Students with developing a basic understanding of economic principles, enabling and encouraging discussion of issues covered by the media. Topics include contrasting macroeconomics and microeconomics; gross domestic product; economic growth and business cycles; unemployment and inflation; aggregate supply and demand; scarcity, opportunity cost, and trade; law of supply and demand; accounting versus economic profit; money and exchange rates; government choice, markets, efficiency, and equity; monopoly and competition; externalities, public goods, and free riders; and globalization and trade policy.

What Is Economics?

Economics is a social science that focuses on the production, distribution, and consumption of goods and services, and analyzes the choices that individuals, businesses, governments, and nations make to allocate resources.

Understanding Economics

Assuming humans have unlimited wants within a world of limited means, economists analyze how resources are allocated for production, distribution, and consumption.

The study of microeconomics focuses on the choices of individuals and businesses, and macroeconomics concentrates on the behavior of the economy as a whole, on an aggregate level.

One of the earliest recorded economists was the 8th-century B.C. Greek farmer and poet Hesiod who wrote that labor, materials, and time needed to be allocated efficiently to overcome scarcity. The publication of Adam Smith's 1776 book, An Inquiry Into the Nature and Causes of the Wealth of Nations sparked the beginning of the current Western contemporary economic theories.

Learning outcomes

Upon successful completion of this course, students should be able to:

Explain the differences between macroeconomics and microeconomics.

Apply the concepts of scarcity, choice and opportunity costs for making smart choices.

Describe how buyers and sellers compete and cooperate in markets in determining prices.

Explain the relationship between supply, demand, and prices in an economy.

Compare and contrast economic and accounting profits.

Describe the important measures of aggregate performance of an economy.

Distinguish between nominal and real economic measures.

Discuss the economic costs of unemployment and inflation.

Discuss the challenges in meeting macroeconomic performance targets.

Explain the roles of money and exchange rates in influencing economic outcomes.

Compare and contrast monopoly, perfect competition and other market structures.

Apply the concept of marginal in economic decision-making.

Apply the concept of externalities to real world issues.

Explain the process of globalization and its implications for trade policy.

Apply basic economic concepts to current events in the media.

THE APPLICATION IS FREE. Appreciate and appreciate Us with 5 stars.

Aspasia Apps is a small developer who wants to contribute to the advancement of education in the world. Appreciate and appreciate us by giving the best stars. We expect your constructive criticism and suggestions, so that we will continue to develop this Comprehensive Leadership and Management Learning application for free to people in the world.

Copyright Icons

Some icons in this application are sourced from www.flaticon.com . For more information, please read more in the application Copyright Icon section.

DISCLAIMER :

Content like Articles, Pictures and Video in this application were collected from all over the web, so if I have violated your copyright, please let me know and it will be removed as soon as possible. All copyrights and trademarks are owned by their respective owners. This app is not endorsed by or affiliated with any other affiliated entities. All images used in this app are believed to be in public domain. If you own rights to any of the images, and do not wish them to appear here, please contact us and they will be removed.

What's New in the Latest Version AspasiaM-23

Last updated on Oct 18, 2023

Minor bug fixes and improvements. Install or update to the newest version to check it out!

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Additional APP Information

Latest Version

Request Economics Books Offline Update AspasiaM-23

Uploaded by

Botan Muhsin

Requires Android

Android 5.0+

Available on

Get Economics Books Offline on Google Play

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