1. Education
Send to a Friend via Email

What Is Economics?

A good understanding of economics begins with understanding what economics is...and what it isn't.

Economics Spotlight10

The Market for Loanable Funds

This article introduces the market for loanable funds and shows how the forces in that market determine real interest rates.

Comparing Monetary and Fiscal Policy

This article outlines the logistical differences in the implementation of monetary versus fiscal policy.

Introduction to Asymmetric Information

This article introduces the concept of asymmetric information, explains why it is problematic in markets, and describes two ways that asymmetric information manifests itself in markets.

Introduction to the Principal-Agent Problem

This article defines the principal-agent problem and explains why it leads to economic inefficiency.

Introduction to the Trade Balance

This article provides some definitions related to the balance of trade in an economy and describes how the trade balance is related to other economic quantities.

Introduction to Bundling

This article introduces the concept of bundling and shows how bundling can be advantageous both for producers and consumers.

Introduction to the Government Budget

This article introduces the government budget at a high level and defines the concepts of deficit, debt, and surplus.

The Relationship Between Saving and Investment

This article explains the difference between "saving" and "investment" and explains when the two concepts do and do not reach parity.

Heuristics Used in Prospect Theory

This article outlines the editing heuristics outlined by Kahneman and Tversky in their description of prospect theory.

The Endowment Effect

This article explains what the endowment effect is and why it arises in individual decision making.

You can opt-out at any time. Please refer to our privacy policy for contact information.

©2014 About.com. All rights reserved.