Economics: Basic Course

In this book, you will find a wealth of clearly explained fundamental economic concepts, principles, and the consequences of decision-making by economic agents at both microeconomic and macroeconomic levels. The standard apparatus of economic formulas and graphs is reduced to a minimum in favour of explaining the essence of phenomena through illustrative examples. The book provides an initial framework for economic thinking and enables the reader to master selected basic tools of economic analysis. Suitable for anyone who wants to understand economics without the need for detailed technical analysis.