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Economics For Dummies, 4th Edition
book

Economics For Dummies, 4th Edition

by Sean Masaki Flynn
October 2023
Beginner
432 pages
12h 13m
English
For Dummies
Audiobook available
Content preview from Economics For Dummies, 4th Edition

Index

A

  • absolute advantage, 397
  • abstracting, 17
  • accounting profits, economic profits compared with, 110–111
  • actual expenditures, adjusting with fluctuating inventories, 321–323
  • administered interest rates, 352–353, 397
  • adverse selection, avoiding, 217–218
  • advertising
    • about, 221
    • framing effects and, 253–254
    • selling, 230
  • aggregate demand
    • adjusting to shift in, 310–311
    • defined, 397
    • model for, 303
  • aggregate demand curve (AD), 308–309, 332
  • aggregate supply
  • Akerlof, George (economist), 393–394
  • all-in fallacy, 374–375
  • allocatively efficient, 13, 38, 397
  • altruism, 26
  • Amazon.com, 235
  • American Telephone and Telegraph Corporation (AT&T), 176
  • anchoring, 254–255, 397
  • antitrust laws, 189, 397
  • area-based property rights, 208
  • Arrow, Kenneth (economist), 386
  • asset-price bubble, 397
  • assets
    • considerations for, 280–282
    • streams of, 268–270
  • asymmetric information
    • about, 14, 209–210
    • defined, 397
    • insurance, 215–219
    • lemons problem, 211–215
    • trade limits with, 210–211
  • autonomous expenditures, 324
  • availability heuristic, 251
  • average costs
    • equaling marginal cost, 117–119
    • marginal costs compared with, 34–35
    • pricing, 175–176
  • average fixed costs (AFC), 114–115
  • average total costs (ATC), 115–116
  • average variable costs (AVC), 113–114, 115–116

B

  • Baidu, 236
  • balanced budget, 277
  • banking system
    • bank collapses, 364–365
    • broken, 366–367
  • bartering, 286
  • Becker, Gary (economist), 388
  • behavioral economics
    • about, 14–15
    • defined, 397
    • gauging fairness and self-interest, ...
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Publisher Resources

ISBN: 9781394161331Purchase Link