Economics APK for Android

Economics can actually be defined a few different ways: its the study of scarcity, the study of how people use resources, or the study of decision-making. Economics often involves topics like wealth, finance, recessions, and banking, leading to the misconception that economics is all about money and the stock market. Actually, its a much broader discipline that helps us understand historical trends, interpret todays headlines, and make predictions for coming decades.

One of the central tenets of economics is that people want certain things and will change their behavior to get those things in other words, people will respond to incentives.

Economic study ranges from the very small to the very large. The study of choices by individuals (like how someone decides to budget their paycheck each month) is called microeconomics.

The study of governments, industries, central banking, and the boom and bust of the business cycle is called macroeconomics.

Much of economics involves using data gathered by governments, businesses, or in the laboratory to test hypotheses about whether a certain program, event, or incentive will have the expected effect. Another branch of economics focuses on using economic theory to make predictions about how people and markets will behave.

This App of Economics gives detailed information on Economic Development. This app contains all the basic to advanced concepts on Economics.

Few Topics covered in this App are Listed Below

What is Economics?

The nature of economics

The study of economics

The methods used by economists

Economic exchange

Factors of production

Types of production

The role of money in exchange

The economic problem

Choice and opportunity cost

Samuelson's three questions

Production possibility frontiers

Interpreting PPFs

Pareto efficiency

Increasing opportunity cost

Marginal analysis

Index numbers

Missing markets

Pure public goods

Incomplete markets

Quasi public goods

Turnpikes

Merit goods

The supply of merit goods

Merit goods and positive consumption externalities

Education as a merit good

Property rights

Economic exchange

Scarcity

Efficiency

Economic Systems

Cost-Benefit Analysis

Property Rights

Wellbeing and Welfare

Incentives

Inflation

GDP

Economic Growth

Exchange and Trade

Demand

Supply

Aggregate Supply

Aggregate Demand

Business Cycles

Employment and Unemployment

Insurance

Barriers to Trade

Balance of Trade and Balance of Payments

Money

Foreign Currency Markets and Exchange Rates

Financial Markets

Saving and Investing

Human Capital

Globalization, Interdependence, and Local Trade

Productive Resources

Environmentalism

Productivity

Economic Development

Income Distribution

Profit

Income Inequality

Fiscal Policy

Roles of Government

Credit

Market Failures, Public Goods, and Externalities

Government Failures, Rent Seeking, and Public Choice

Government Budget Deficits and Government Debt

Compound Interest

Entrepreneurs

Producers

Consumers

Technology