Economics For Dummies
Products for Sale — By Shopping Blogs on November 4, 2009 11:01 am
- ISBN13: 9780764557262
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- Notes: Brand New from Publisher. No Remainder Mark.
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Product Description
If you think economics is a complicated discipline that’s reserved for theorists and the intellectual elite and has nothing to do with you, think again. Economics impacts every aspect of our lives, from what we eat, to how we dress, to where we live. Economics might be complicated, but it has everything to do with you.
Economics For Dummies helps you see how your personal financial picture is influenced by the larger economic picture. When you understand how what happens on Wall Street affects Main Street and how policies emanating from the White House impact the finances in your house, you’ll be able to:
- Learn how government economic decisions affect you and your family
- Make better spending decisions and improve your personal finances
- Maximize your business profits
- Make wiser investments
Written by Sean M. Flynn, PhD, Assistant Professor of Economics at Vassar College, Economics For Dummies covers all the basics of micro- and macroeconomic theory. The next time you need to understand an economic theory or calculation, whether it’s on the nightly news or on a spreadsheet at work, you’ll no longer be in the dark. Economics For Dummies covers all the history, principles, major theories, and terminology, including:
- How economics affect governments, international relations, business, and even environmental issues like global warming and endangered species
- How the government fights recessions and unemployment using monetary and fiscal policy
- How and why international trade is good for you even if you don’t appreciate French champagne, Irish crystal, or Swiss watches
- How the law of supply and demand can explain the prices of everything from comic books to open heart surgeries
- How the Federal Reserve controls the money supply, interest rates, and inflation
- Basic theories such as Keynesian economics, the Laffer Curve, and Adam Smith’s Invisible Hand
Presenting complex theories in simple terms and helping you decode the jargon, understand the equations, and debunk the common misconceptions, Economics For Dummies could be a big boon to your personal economy!
Popularity: 1%
Tags: Economics
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5 Comments
The author demonstrates that market economies perform best. To be able to do this, some prerequisites are necessary:
- stable prices (low inflation)
- sufficient laws (e. g. for patents)
- no price controls (e. g. no minimum wages)
- fierce competition (destruction or regulation of cartels, trusts, and monopolies).
Environment issues and unfair trade with less developed countries do not arise due to market economics. They are caused by the lack of free markets!
- Pollution certificates and fishing licenses can be used against pollution and overfishing.
- The trade with less developed countries is unfair because the rules of market economies are not fulfilled by the industry states. They must abolish agrary subsidies, import quotas, and tariffs.
I recommend this book.
Rating: 5 / 5
Haven’t read it all yet but its well written and funny so far.
Think I will learn a lot from it.
Rating: 5 / 5
Well I must say I was surprised at the quality of the information in this book considering the price; not belittling the “Dummies” series. I’m not completely devoid of knowledge but in this field and this book is certainly filling in the blanks for me. When I’m finished my mates want to read it
Rating: 4 / 5
The book is very good for people who wants to learn about economics. However, it has no chapter review test to test the understanding of the reader.
Rating: 3 / 5
I purchased this book to help my High School senior in his Advanced Placement Economics class. He has been reading it and it has helped him to understand material presented in class. His teacher was also pleased that he is supplementing what is being taught in the classroom. His grade has come up and that’s the plan. I highly recommend this book to parents for their students, whether in High School or College.
Rating: 5 / 5
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