Introduction to Economics

notes on: financial market supply of credit demand for credit interest rate nominal interest rate real interest rate inflation rate credit supply credit demand credit market equilibrium present value asset financial asset bond sovereign bonds default stock efficient market hypothesis stocks vs. bonds real estate market in case of crisis leverage multiplier

notes: opportunity cost in trade absolute advantage comparative advantage price setting relative price

notes on: monopoly deadweight loss price setting marginal cost profit maximisation

notes on: full information no information asymmetric information adverse selection signaling labor market principal agent problem laissez-faire economics hidden characteristics hidden actions government intervention

notes on: game theory dominant strategy unique equilibrium nash equilibrium pareto inefficiency bystander effect