Volume I of Economics and All That explains fundamental concepts of economics to both students and members of the lay audience who want to learn more about such things as markets and money and banks and finance. The title of this book is borrowed from the tongue-in-cheek thousand-year history of England called 1066 and All That, which has been a classic for almost a century.
The book uses humorous examples to help readers understand many of the basic concepts of economics, some of which are:
Supply and Demand
Conspicuous Consumption
The Invisible Hand
Paradox of Value
Pareto Efficiency
Moral Hazard
Game Theory and the Prisoner''s Dilemma
Normal and Inferior Goods
Giffen Goods
Perfect Competition
The Time Value of Money
Derivatives
Financial Bubbles
The Yield Curve
Cryptocurrencies