Village Economics: A Storybook on Economic Theories
Edition: 1
Copyright: 2022
Edition: 1
Copyright: 2022
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- Village Economics presents microeconomic theories in an entertaining and understandable format.
- Village Economics will help students more easily understand the theories they encounter in their Economics textbooks.
- Village Economic’s storybook format will help readers retain an understanding of basic economic theories so they can apply their knowledge to make better economic decisions.
1. GDP – The value of a country’s economic output.
2. SCARCITY – People usually want more than they have.
3. TRADE – You cannot always make what you want.
4. SUPPLY and DEMAND – Understanding production and consumption.
5. ELASTICITY of DEMAND – How much people care or don’t care when prices change.
6. MARKET STRUCTURES and PRODUCTION COSTS – A simpler explanation.
7. CONSUMER CHOICES – How do people make decisions?
REFERENCES
QUESTIONS AND SOLUTIONS
ABOUT THE AUTHOR
Chris Anderson has a BA from the University of Northern Colorado and an MBA from the University of Chicago. He worked in corporate banking for thirty years. Chris teaches college Economics, and he also authors helpful and entertaining academic books.
Village Economics is a straight-forward and accessible story that makes the study of Economics a fun journey for any reader.
Lauren Denofrio-Corrales | Dean of STEM and Business | Heartland Community College
Village Economics does a masterful job bringing basic economic concepts to life through very relatable stories and business examples. I highly recommend it!
Paul Quistberg | Asset Management Executive
- Village Economics presents microeconomic theories in an entertaining and understandable format.
- Village Economics will help students more easily understand the theories they encounter in their Economics textbooks.
- Village Economic’s storybook format will help readers retain an understanding of basic economic theories so they can apply their knowledge to make better economic decisions.
1. GDP – The value of a country’s economic output.
2. SCARCITY – People usually want more than they have.
3. TRADE – You cannot always make what you want.
4. SUPPLY and DEMAND – Understanding production and consumption.
5. ELASTICITY of DEMAND – How much people care or don’t care when prices change.
6. MARKET STRUCTURES and PRODUCTION COSTS – A simpler explanation.
7. CONSUMER CHOICES – How do people make decisions?
REFERENCES
QUESTIONS AND SOLUTIONS
ABOUT THE AUTHOR
Chris Anderson has a BA from the University of Northern Colorado and an MBA from the University of Chicago. He worked in corporate banking for thirty years. Chris teaches college Economics, and he also authors helpful and entertaining academic books.
Village Economics is a straight-forward and accessible story that makes the study of Economics a fun journey for any reader.
Lauren Denofrio-Corrales | Dean of STEM and Business | Heartland Community College
Village Economics does a masterful job bringing basic economic concepts to life through very relatable stories and business examples. I highly recommend it!
Paul Quistberg | Asset Management Executive