Basic economics

Start with what an economy is. Then the rest, in order or not.

1. 1An economy isPeople making, trading and using things — including you.
2. 2Scarcity & trade-offsWhy every choice quietly costs you something else.
3. 3Supply & demandWhere buyers and sellers agree on a price.
4. 4Equilibrium & shocksWhat happens when something moves a curve.
5. 5IncentivesChange the payoff, change the behaviour.
6. 6Markets & failureWhen the price leaves out part of the cost.
7. 7GDP, inflation, unemploymentThe three headline gauges of a whole economy.