Economics as a Beautiful Subject: Its Concepts & Principles Explained for Everyone (DRAFT)…. by Subroto Roy

Economics as a Beautiful Subject: Its Concepts & Principles Explained for Everyone….

by Subroto Roy

0. Economics is a beautiful science that is important to mankind’s wellbeing and progress.  The purpose of this work is

to describe and explain its main concepts and principles to any person who is literate and numerate, that is, to

just about everyone or anyone who wants to know…

0.1. Economics is about… people… homo sapiens (tho yes there’s a general theory from biology yet to be written)…

and those people’s

budgets

needs

decisions

learning

productive capacity.

0.2. It’s also about

prices

technology

government finance

domestic trade

money & banking

world trade & payments

0.3. Time does not stand still, so prices have to include interest rates and cross interest rates

needs and decisions over time, ie savings

productive capacity and decisions over time, ie investment

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