Rowe J. Back to Basics Economic Concepts Explained 2017

Textbook in PDF format

The Big Picture
What Is Capitalism?
What Is Keynesian Economics?
Micro and Macro: The Economic Divide
Economic Models: Simulations of Reality
Econometrics: Making Theory Count
Supply and Demand: Why Markets Tick
Gross Domestic Product: An Economy’s All
Monetarism: Money Is Where It’s At Its emphasis on money’s importance gained sway in the 1970s
How Economies Function
What Is Direct Investment?
The Output Gap: Veering from Potential
Structural Policies: Fixing the Fabric of the Economy
Money: At the Center of Transactions
Price: The Language of Exchange
Inflation: Prices on the Rise
Unemployment: The Curse of Joblessness
Recession: When Bad Times Prevail
Fiscal Policy: Taking and Giving Away
Externalities: Prices Do Not Capture All Costs
International Trade: Commerce among Nations
What Are Real Exchange Rates?
Purchasing Power Parity: Weights Matter
Capital Accounts: Liberalize or Not?
Current Account Deficits: Is There a Problem?
Finance
Shadow Banks: Out of the Eyes of Regulators
LIBOR: World Reference Point
Banks: At the Heart of the Matter
What Are Money Markets?
Markets: Exchange or Over the Counter
Econoics in Action
Financial Services: Getting the Goods
Strategic Thinking
Taxes in Practice
Taxing Principles
Inflation Targeting: Holding the Line
Regressions: An Economist Obsession
What Are Remittances?