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Economic History: Development, Crises, and Learning  |  
Institutional Economics: The Role of Institutions in Development  |  
Monetary Theory: Money, Inflation, and Economic Policy  |  
International Economic Relations: Trade Agreements, Investments  |  
Classical Economics: Market Self-Regulation, Competition  |  

Author: Aaro Niemi

Aaro is an economist who specializes in explaining the fundamental principles of economics to non-economists. He believes that economics can be understandable and even fun, and he uses creative examples and stories to bring economics closer to everyday life.

Economic History: Development, Crises, and Learning

12/02/202613/02/2026 Aaro Niemi

The economic history covers significant developmental phases that have shaped economies throughout different eras, such as industrialization, globalization, and digitalization. The most significant economic crises, such as the Great Depression and the 2008 financial crisis, ....

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Economic theories Leave a Comment on Economic History: Development, Crises, and Learning

Institutional Economics: The Role of Institutions in Development

12/02/202613/02/2026 Aaro Niemi

Institutional economics studies how institutions, such as laws, norms, and organizations, affect economic behavior and development. It focuses on how these structures shape economic relationships and practices in different societies, as well as how they ....

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Economic theories Leave a Comment on Institutional Economics: The Role of Institutions in Development

Monetary Theory: Money, Inflation, and Economic Policy

11/02/202613/02/2026 Aaro Niemi

Monetary theory studies the role of money in the economy, the causes of inflation, and the role of economic policy. It addresses the definition of money, its functions, and the dynamics of supply and demand. ....

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Economic theories Leave a Comment on Monetary Theory: Money, Inflation, and Economic Policy

International Economic Relations: Trade Agreements, Investments

10/02/202613/02/2026 Aaro Niemi

International economic relations form a central part of the global economy and include trade agreements and investments between states. Trade agreements, such as bilateral and free trade agreements, define the rules of trade and significantly ....

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Classical Economics: Market Self-Regulation, Competition

10/02/202613/02/2026 Aaro Niemi

Classical economics is based on the principles of market self-regulation and competition, which guide economic activity. Self-regulation allows for efficient resource allocation without centralized control, while competition fosters innovation and economic growth by improving efficiency ....

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Investment Strategies: Stocks, Real Estate, Bonds

10/02/202613/02/2026 Aaro Niemi

Investment strategies are essential tools that investors utilize in the stock, real estate, and bond markets. Each has its unique approach based on risk level, return potential, and market trends. Stocks offer opportunities for rapid ....

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Topics: Cyclicality, forecasting, impacts

10/02/202613/02/2026 Aaro Niemi

Economic cycles are the natural fluctuations of the economy, which include periods of expansion and contraction, significantly affecting economic activity and well-being. Forecasting is a key part of understanding economic cycles and is based on ....

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Economic Growth: Causes, Patterns, Metrics

10/02/202613/02/2026 Aaro Niemi

Economic growth is a complex phenomenon influenced by various factors, such as technological innovations and political decisions. Different models help us understand the causes and mechanisms of growth, while indicators like gross domestic product (GDP) ....

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Basic Economic Principles Leave a Comment on Economic Growth: Causes, Patterns, Metrics

Social Entrepreneurship: Business, Society, Impact

10/02/202613/02/2026 Aaro Niemi

Social entrepreneurship combines business objectives with the resolution of societal problems, focusing on creating profit and social value. This approach offers innovative solutions that promote community well-being and sustainable impacts at various levels. However, social ....

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Decision-making: Factors, Process, Impacts

10/02/202613/02/2026 Aaro Niemi

Purchase decisions are a multi-stage process influenced by various factors, including psychological, social, and economic perspectives. Consumers identify their needs and evaluate options before making a final decision, which can range from simple purchases to ....

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