This textbook takes a new approach to economics by taking into account behavioral sciences and ethics. It analyzes human behavior in order to discover incentives for economic agents to behave in a welfare-maximizing way, and analyzes the impact of human behavior and morality on economic systems, markets and politics.
Prof. Dr. Christian A. Conrad teaches economics and business ethics at Saarland University of Applied Science HTW. He published several books and papers about ethics, business, economics and financial markets. He was previously Senior Key Account Manager in the national and international corporate department of a major German bank.
1. Goals of Economic Policy and Weaknesses in the Approach of Economics.- 2. The Image of Man.- 3. Market and Competition.- 4. Economic Systems.- 5. Market Failure and Economic Policy.- 6. Traits of the Political System.- 7. Financial Markets after the Financial Crisis.- 8. Business Cycles Theory and Policy.- 9. Final Conclusion.- 10. Solutions to the Exercises.