Lionel robbins - Study guides, Revision notes & Summaries

In this Unit, we define "Economics" and explain what exactly we study, with respect to, limited resources being used to satisfy unlimited wants. We also look at the different types of goods that are often talked about.

An introductory about what is Economics!

What is economics?/ defining economics/the subject matter of economics, varying schools of economics, and a critical introduction to economics

Chapter: Understanding the Definition of Economics Discover what drives the world around us! This chapter introduces the definition of economics in a way that’s easy to grasp yet incredibly impactful. Readers will explore the essentials of how individuals, businesses, and governments make choices that shape our daily lives. Through simple language and relatable examples, it breaks down why resources are scarce, how we decide what to produce, and what factors determine value. This chapter bu...

Hyperinflation, an economic nightmare, is primarily caused by governments excessively printing money, leading to a surplus of currency in circulation. This often occurs due to factors like budget deficits, political instability, loss of confidence in the currency, and economic shocks, triggering a rapid and uncontrollable rise in prices for goods and services. Hyperinflation erodes savings, disrupts daily life, and requires swift and effective economic measures to resolve.

Best for exam preparation easy and understandable if learn deeply

A complete summary of the course History of Economics. This document will tell you everything you need to know in preparation for the exam History of Economics. This document has been adjusted to include the answers to all of the possible exam questions as given by the lecturer. The document is divided into all schools, and elaborates on all the writers, movements and other details you will need to know by answering 6 main questions per school: 1. What is the historical background of the school?...

This document contains all of the economic thinkers you need to know, as well as all the information you need to know about them.

This document contains all the different schools you need to know, as well as who belonged to those schools and what they stood for.