What are the most important economic concepts to understand?

#1Scarcity #2Opportunity Cost #3Incentives#4Marginal Thinking (Cost vs. Benefit)#5Supply and Demand #6Elasticity#7Comparative Advantage & Trade#8Externalities & Market Failures#9Gross Domestic Product (GDP)#10Productivity#11Inflation and Purchasing Power#12Monetary vs. Fiscal Policy#13Interest Rates & The Cost of Money#14The Business Cycle #15The Sunk Cost Fallacy+1 more

#1Scarcity and Opportunity Cost #2Supply and Demand#3Incentives and Marginal Thinking#4Elasticity #5Market Structures and Competition#6Comparative Advantage and Gains from Trade#7Externalities, Public Goods, and Market Failures#8Information Asymmetry#9GDP, Growth, and Productivity#10Inflation, Unemployment, and the Phillips Curve Trade-offs#11Fiscal and Monetary Policy#12Time Value of Money and Interest Rates#13Game Theory and Strategic Behavior #14Behavioral Economics Deviations #15Principles of Economics by Mankiw+2 more

#	Entity	Score
01	Scarcity	100.0
02	Incentives	66.1
03	supply and demand	64.3
04	Marginal Analysis	64.0
05	opportunity cost	53.8
06	Elasticity	53.3
07	Comparative Advantage and Trade	52.4
08	GDP and growth	51.9
09	Market Failures	50.4
10	Inflation	50.2
11	Interest rates	48.6
12	Fiscal and Monetary Policy	47.5
13	The Business Cycle	46.5
14	Competition vs. Monopoly	36.2
15	Unemployment	34.6
16	Productivity	34.2
17	Understand risk and return	31.4
18	Time Value of Money	26.9
19	Public goods and the free-rider problem	20.5
20	Information and market failure	20.1
21	Money and banking	18.4
22	Inequality and distribution	17.7
23	Institutions and political economy	17.5
24	The Sunk Cost Fallacy	13.3

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