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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.

Investment Decisions: Evaluation, Risks, Return Expectations

23/01/202613/02/2026 Aaro Niemi

Making investment decisions requires careful evaluation, where financial metrics, market trends, and risks play a central role. It is important for investors to understand how different investment instruments can affect return expectations and risk levels, ....

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Ecological Economics: Environment, Sustainability, and Resources

22/01/202613/02/2026 Aaro Niemi

Ecological economics studies economic activities from the perspective of the environment and sustainable development, aiming to find a balance between economic growth and environmental protection. It focuses on the environmental impacts of economic activities and ....

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Behavioral Economics: Decision Making, Heuristics, and Errors

22/01/202613/02/2026 Aaro Niemi

Behavioral economics studies how psychological factors influence economic decisions, bridging economics and psychology. It focuses on decision-making processes, heuristics, and the mistakes people make in various situations, highlighting how simple rules can speed up decision-making ....

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Institutional Economics: The Role of Institutions in Development

22/01/202613/02/2026 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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Consumer Research: Behavior, Preferences, Trends

22/01/202613/02/2026 Aaro Niemi

Consumer research focuses on understanding how individuals make purchasing decisions and what factors influence their preferences. This research enables companies to develop effective marketing strategies and improve customer satisfaction. Current trends, such as technological advancements ....

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Energy Theory: The Role of Energy in the Economy and the Environment

22/01/202613/02/2026 Aaro Niemi

Energy theory examines the central role of energy in the economy and the environment, emphasizing its importance in achieving sustainable development. The availability and quality of energy directly affect economic growth and environmental well-being, making ....

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Budgeting and Financial Planning: Basic Principles, Tools

22/01/202613/02/2026 Aaro Niemi

Budgeting and financial planning are essential tools in managing finances, helping organizations and individuals achieve their financial goals. Effective budgeting begins with clear objectives and a realistic assessment of income and expenses, ensuring efficient resource ....

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Production costs: Fixed, variable, total costs

21/01/202613/02/2026 Aaro Niemi

Production costs are a key part of a company’s financial operations, as they encompass all expenses incurred during the production process. They are divided into fixed and variable costs, both of which impact business profitability ....

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Inflation and Deflation: Causes, Effects, Indicators

21/01/202613/02/2026 Aaro Niemi

Inflation and deflation are key economic phenomena that affect price levels and the functioning of the economy. Inflation refers to the rise in prices, while deflation refers to the decrease in prices, and both phenomena ....

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Economic efficiency: Resource use, optimization

21/01/202613/02/2026 Aaro Niemi

Economic efficiency refers to the use of resources in a way that achieves the best possible outcome. Effective resource management and optimization improve the financial performance of organizations, but they also come with challenges, such ....

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