Chapter X

Finance and Economics

Learn the basics of finance and economics.

Understanding this will allow you to participate in DeFi and crypto industry more knowledgeably.

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Fundamental Economics

LegendDescription
⚠️What is Economics?
⚠️Scarcity
⚠️Utility
⚠️Preferences
⚠️Opportunity Cost
⚠️What is Value?
⚠️Markets and The Invisible Hand
⚠️Supply and Demand
⚠️Public Goods
⚠️Private Goods

Microeconomics - The Consumer

StatusTopicAbout
⚠️Rational Economic PersonTBD
⚠️Consumer ChoiceTBD
⚠️Food and Income - Engel’s LawTBD

Microeconomics - The Firm

StatusTopicAbout
⚠️The Existence of FirmsTBD
⚠️Coase TheoremTBD
⚠️Supply and Demand In-DepthTBD
⚠️Law of DemandTBD
⚠️Law of SupplyTBD
⚠️The Law of Diminishing ReturnsTBD
⚠️General EquilibriumTBD
⚠️Elasticity and PricesTBD
⚠️Price CeilingsTBD
⚠️Price FloorsTBD
⚠️ShortagesTBD
⚠️RationingTBD
⚠️Deadweight LossTBD
⚠️EfficiencyTBD
⚠️Sunk CostTBD
⚠️Profit MaximizationTBD
⚠️Costs in Short and Long RunTBD
⚠️Production and CostsTBD
⚠️Average Versus Marginal CostsTBD
⚠️Zero Marginal Costs for InformationTBD
⚠️ExternalitiesTBD

MicroEconomics - Industry

StatusTopicAbout
⚠️Firms in Competitive MarketsTBD
⚠️Ownership and Control of FirmsTBD
⚠️Means of ProductionTBD
⚠️Division of LaborTBD
⚠️Perfect CompetitionTBD
⚠️Economies of ScaleTBD
⚠️MonopolyTBD
⚠️Natural MonopolyTBD
⚠️Pareto EfficencyTBD
⚠️OligopoliesTBD
⚠️Monopolistic ControlTBD
⚠️CartelsTBD
⚠️Price DiscriminationTBD
⚠️Network EffectsTBD
⚠️PredationTBD
⚠️AdvertisingTBD
⚠️Entry BarriersTBD
⚠️PatentsTBD
⚠️TaxesTBD
⚠️Taxing CorporationsTBD
⚠️Consumer SurplusTBD
⚠️Giffen GoodsTBD
⚠️Substitutes and ComplementsTBD
⚠️Normal and Inferior GoodTBD
⚠️Income and SubstitutionTBD

Macroeconomics Fundamentals

StatusTopicAbout
⚠️Aggregate DemandTBD
⚠️Aggregate SupplyTBD
⚠️Labor SupplyTBD
⚠️The Tragedy of the CommonsTBD
⚠️Public Goods and Free RidingTBD
⚠️Arrow’s Impossibility TheoremTBD
⚠️Government SpendingTBD
⚠️Market CyclesTBD
⚠️UnemploymentTBD
⚠️The Natural Rate of OutputTBD
⚠️Frictional UnemploymentTBD
⚠️The Phillps CurveTBD
⚠️StagflationTBD
⚠️HysteresisTBD
⚠️Market FailureTBD
⚠️Government FailureTBD

Macroeconomics - International Economics

StatusTopicAbout
⚠️InflationTBD
⚠️Costs and Benefits of InflationTBD
⚠️Demand Pull InflationTBD
⚠️Cost Push InflationTBD
⚠️The Cost of LivingTBD
⚠️The Quantity Theory of MoneyTBD
⚠️MercantalismTBD
⚠️ProtectionismTBD
⚠️Free TradeTBD
⚠️Comparative AdvantageTBD
⚠️Trade and GeographyTBD
⚠️The Gold StandardTBD
⚠️Bretton Woods SystemTBD
⚠️Currency PegsTBD
⚠️Fixed Versus Floating Exchange RatesTBD
⚠️The Balance of PaymentsTBD
⚠️Trade DeficitsTBD
⚠️Globalization and Market IntegrationTBD
⚠️Foreign Exchange Markets (FOREX)TBD
⚠️Real and Nominal Exchange RatesTBD
⚠️International Capital FlowsTBD
⚠️Currency CrisesTBD
⚠️Single CurrenciesTBD
⚠️Exchnage Rate DepreciationTBD
⚠️Trade WarsTBD
⚠️Economics and EthicsTBD
⚠️Fair TradeTBD
⚠️Multinational FirmsTBD
⚠️Labor MigrationTBD
⚠️Institutions and Property RightsTBD
⚠️Financial BubblesTBD
⚠️Financial CrisesTBD
⚠️Credit CrunchesTBD
⚠️Financing FirmsTBD
⚠️ForecastingTBD
⚠️Gross Domestic Product (GDP)TBD
⚠️Real Versus Nominal GDPTBD
⚠️The Circular Flow of IncomeTBD

Finance and Financial Economics

StatusTopicAbout
⚠️What is Finance?The study of the management of money
⚠️Risk and RewardTBD
⚠️Time value of moneyThe most basic tool to build web pages
⚠️InterestTBD
⚠️Interest RatesTBD
⚠️EquityTBD
⚠️DebtTBD
⚠️The Role of MoneyTBD
⚠️The Demand for MoneyTBD
⚠️Fiat and Commodity MoneyTBD
⚠️Money SupplyTBD
⚠️Money CreationTBD
⚠️SeigniorageTBD
⚠️InflationTBD
⚠️Real PricesTBD
⚠️Nominal PricesTBD
⚠️BondsTBD
⚠️The Yield CurveTBD
⚠️Banks and Financial IntermediationTBD
⚠️Fractional Reserve BankingTBD
⚠️Bank RunsTBD
⚠️StocksTBD
⚠️The Stock MarketTBD
⚠️Capital Asset Pricing Model (CAPM)TBD
⚠️DerivativesTBD
⚠️InsuranceTBD

Economics To Sort

StatusTopicAbout
⚠️Market Efficiency and the Welfare TheoremsTBD
⚠️Risk AversionTBD
⚠️Adverse SelectionTBD
⚠️Signalling and ScreeningTBD
⚠️Auctions and the Winner’s CurseTBD
⚠️Searching and MatchingTBD
⚠️Game TheoryTBD
⚠️Prisoners' DilemmaTBD
⚠️Win- WinTBD
⚠️Behaviour EconomicsTBD
⚠️The Allais ParadoxTBD
⚠️The Fisher EffectTBD
⚠️Tobin’s Q - Investment and The Stock MarketTBD
⚠️The Efficent Market HypothesisTBD
⚠️InvestmentTBD
⚠️ConsumptionTBD
⚠️Liqudity TrapTBD
⚠️HyperInflationTBD
⚠️Rational ExpectationsTBD
⚠️Life Cycle and Permenant IncomeTBD
⚠️Keynesian EconomicsTBD
⚠️Keynesian MultiplierTBD
⚠️Government Spending and Economy StabalizersTBD
⚠️Theory of Money NeutralityTBD
⚠️Politics and the Business CycleTBD
⚠️Demand for LaborTBD
⚠️Efficiency Wage TheoryTBD
⚠️Wage and Price RigidityTBD
⚠️The Housing MarketTBD
⚠️GDP and HappinessTBD
⚠️Stabilization PolicesTBD
⚠️Monetary PolicyTBD
⚠️Quantitative EasingTBD
⚠️Fiscal PolicyTBD
⚠️Policy DiscretionTBD
⚠️MontetarismTBD
⚠️Inflation TargetingTBD
⚠️Lucas CritiquesTBD
⚠️Government Spending and Crowding OutTBD
⚠️Supply Side EconomicsTBD
⚠️Laffer CurveTBD
⚠️Ricardian EquivalenceTBD
⚠️Central BanksTBD
⚠️Budget Deficit and SurplusTBD
⚠️Balanced BudgetTBD
⚠️Government DebtTBD
⚠️Tax IncidenceTBD
⚠️Direct TaxationTBD
⚠️Indirect TaxationTBD
⚠️Deadweight Loss of TaxationTBD
⚠️Lump-Sum TaxesTBD
⚠️Redistributive TaxesTBD
⚠️The Welfare StateTBD
⚠️PensionsTBD
⚠️Price Controls and SubsidiesTBD
⚠️Minimum WageTBD
⚠️Competetion PolicyTBD
⚠️RegulationTBD
⚠️Taxing PollutionTBD
⚠️Quality of Life, Values and EconomicsTBD
⚠️Marxist EconomicsTBD
⚠️The Labor Theory of ValueTBD
⚠️Central PlanningTBD
⚠️The Social MarketTBD
⚠️Social MarketTBD
⚠️Trade UnionsTBD
⚠️Economic LiberalismTBD
⚠️Social CapitalTBD
⚠️Economic GrowthTBD
⚠️Productivity and Living StandardsTBD
⚠️Economic ConverngenceTBD
⚠️Endogenous GrowthTBD
⚠️Technology and GrowthTBD
⚠️Population GrowthTBD
⚠️IndustrializationTBD
⚠️Creative DestructionTBD
⚠️Development EconomicsTBD
⚠️PovertyTBD
⚠️Debt ReliefTBD
⚠️Depedency TheoryTBD
⚠️Middle Income TrapTBD
⚠️Inequality and GrowthTBD
⚠️Human CapitalTBD
⚠️Informal EconomyTBD
⚠️Gray CaptialTBD
⚠️Dead CaptialTBD
⚠️Non-Renewable ResourceTBD
⚠️Environmentalism and EconomicsTBD

International Economics