This collection of essays on key ideas in economics, written by EconTalk hos Russ Roberts, can help you use economics explore and understand the world around us.
MoreEach month, we send a collection of resources about a particular topic right to your inbox. This month, based on readers' requests, we're focusing on International Trade. We had a really hard time narrowing our selections for this collection, so you can be sure to see more on this topic in future QuickPicks editions!
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The Reading Lists by Topic pages contain some suggested readings organized by topic, including materials available on Econlib. Brief reviews or descriptions are included for many items.
Supplementary materials for popular college textbooks used in courses in the Principles of Economics, Microeconomics, Price Theory, and Macroeconomics are suggested by topic.
These free resources are appropriate for teachers of high school and AP economics, social studies, and history classes. They are also appropriate for interested students, home schoolers, and newcomers to the topic of economics.
Definitions and Basics Profits, from the Concise Encyclopedia of Economics Capitalists earn a return on their efforts by providing three productive inputs. First, they are will...
Introduction Inflation refers to an increase in the price level that goes on for a long period of time--months or even years on end. Inflation refers to an ongoing increase in t...
Introduction In economics, scarcity refers to limitations--limited goods or services, limited time, or limited abilities to achieve the desired ends. Life would be so much e...
Introduction Definitions and Basics What Does "Money" Mean in an Economic Context? at Thoughtco.com Money is a good that acts as a medium of exchange in transactions...
Introduction Read, Leonard, I, Pencil. Charming illustration of the workings of the invisible hand to guide the market and coordinate the division of labor in producing even th...
Definitions and Basics Credit, from EconEdLink. Credit is the ability of an individual or organization to obtain goods or services before payment, based on an agreement to pa...