Economics In-Other-Words: what your boring economics professor tried to teach you (Paperback) (ISBN-13: 9798991299701)

Ever wonder if you would have majored in Economics if your Econ 101 Professor wasn't totally boring? This book will answer that question for you.

Teaching the concepts of Econ 101, the writing relies heavily on analogies, examples, anecdotes, cartoons, and parables or what the author refers to as the in-other-words words. The teaching style sees the examples and stories as gifts to the memory-challenged, uninterested and/or hung over.

Here's an example of the boring way---moral hazard describes a correlation between the incidence of the insured event and the possession of insurance for that event. Yuck! But if you add....in other words "people with fire insurance are more likely to burn down their house" then students understand the previously arcane topic.

The book is designed to teach the material covered in a standard Microeconomics 101 course using cartoons and relatable examples. The topics include opportunity cost, supply and demand, elasticity, behavioral economics, monopolies, perfect competition, game theory, externalities, public goods, asymmetric information, and Keynesian economics.