Economics for Amateurs

No use crying over spilt milk or Tony Blair.

Blair, yoghurt and tears

What do Tony Blair, vanilla yoghurt and crying have in common? Not much, you might think, but there is a link, and it relates to the way that economic ideas play a role in our daily lives. It's all about opportunity costs and sunk costs.

gemeinsam

Verbindung

Opportunitätskosten, Alternativkosten

irreversible Kosten

EFA (50): Economics

In the final instalment of our 50-part series, Economics for Amateurs (EFA), we ask a question that should perhaps have been the subject of our first instalment. But better late than never. So, what exactly is economics?

Folge

EFA (49): Network effects

Some products work only if others also have them. Economists call this phenomenon the "network effect" or "network externality". This is the subject of the 49th instalment of our Economics for Amateurs (EFA) series.

Phänomen

Folge

EFA (48): Naked short selling

In the 48th instalment of our regular series, Economics for Amateurs, we are going to look at what happens when you put three simple English words together: "naked", "short" and "selling".

Folge

EFA (47): Retail Prices Index

Inflation is a potential problem for any economy. So one of the key goals of economic policy is to keep inflation low and stable. Britain's best-known measure of inflation is the Retail Prices Index (RPI).

Volkswirtschaft

Einzelhandelspreisindex

EFA (46): Aggregate demand

Economics, as my pet parrot and brilliant economic advisor Maynard knows all too well, is all about supply and demand. And “aggregate demand” is the subject of the 46th item in our series, Economics for Amateurs (EFA).

Haus-Papagei

Berater(in)

gesamtwirtschaftliche Nachfrage

hier: Folge

EFA (45): Exit strategies

Over the past year, the term exit strategy has entered the vocabulary of economics. But what exactly is such a strategy? This is the topic of the 45th item in our regular Economics for Amateurs (EFA) series.

Rückzugsstrategie

Volkswirtschaft(slehre)

Thema

hier: Folge

EFA (44): Deleveraging

Economics has quite a few ugly terms, but among the best (that is, worst) at the momement is the concept of "deleveraging". But what is this exactly? That is what we discuss in Economics for Amateurs, part 44.

Volkswirtschaftslehre

Senken des Fremdkapitalanteils

EFA (43): Income elasticity of demand

Elasticity of demand is a key concept in economics. It is a measure of the responsiveness of demand for goods or services to other changes. Here we look at income elasticity of demand. Economics for Amateurs, part 43.

Nachfrageelastizität

Volkswirtschaftslehre

Reaktionsbereitschaft, Reaktionsfähigkeit

EFA (42): Gross and net

The terms "gross" and "net" are often used in economics to refer to key economic variables. But what exactly do these terms mean? This is the subject of the 42nd item in our Economics for Amateurs (EFA) series.

brutto

netto

Volkswirtschaftslehre

ökonomische Variablen

hier: Folge

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