Business cycles

Our lives are deeply influenced by how the economy works and distributes its products across countries and social groups. Beginners in economics find in this basic glossary simplified answers to many naive and non-naive questions about the economy, international trade, labour market, industrial dynamics, consumer behaviours.

Wherever you are located, we try to cover all the large geo-political areas of the world (Africa, Asia, North and South America, Europe, Oceania), so that theoretical reflections and policy statements can be compared with the reality around you.

In particular, poverty and ways to fight against it are increasingly covered in this site. For instance, the importance of literacy for exports in countries like India or Pakistan is argued here.

More in general, the overall working of the economy can be first approached through a simple graphical map of main economic interralationships.

We try to keep the language easy and to avoid too much mathematics because we know that we are exposing economics for beginners. However, you shall find here a good deal of real world data, so that you can reflect on how the world is diverse in its evolution.