Economics For Dummies (2nd Edition)

Economics For Dummies (2nd Edition)

Sean Flynn

Language: English

Pages: 413

ISBN: 0470879483

Format: PDF / Kindle (mobi) / ePub


Grasp the history, principles, theories, and terminology of economics with this updated bestseller
Since the initial publication of Economics For Dummies in 2005, the U.S. has endured a number of drastic changes and events that sent its economy into a tailspin. This newly revised edition presents updated material about the recent financial crisis and the steps taken to repair it.

Packed with refreshed information and relevant new examples from today's economy, it gives you a straightforward, easy-to-grasp understanding of how the economy functions-and how it influences personal finances.

New information on deciphering consumer behavior
Refresh coverage of fiscal and monetary policies
A new chapter on health care policy and the financial crisis
Presenting complex theories in simple terms and helping you decode the jargon, understand the equations, and debunk the common misconceptions, Economics For Dummies tackles the topic in terms you can understand.

From the Back Cover

Grasp the history, principles, theories, and terminology of economics
Want to know more about the recent financial crisis and the steps taken to repair it? Packed with information and relevant new examples from today's economy, this updated, best-selling guide gives you a straightforward, easy-to-grasp understanding of how the economy functions — and how it influences personal finances.

The science of scarcity — discover how economics is all about scarcity, and how it forces people to make tradeoffs for desired goods and services

Oh, behave! — learn about theories on behavior (micro-economics) to better understand what motivates a firm to produce a given output, and how buyers and sellers interact in markets to distribute that output

Put it to the test — find out how to apply theories on microeconomics to shed light on real-world scenarios, like the high cost of health insurance, why it's so hard to find a quality used car, and much more

Get the big picture — take a look at the economy from the top (macroeconomics) to find out how economic growth and stability is dealt with at national and international levels

Open the book and find:

How the government fights recessions and unemployment

Why international trade is good for nations (and individuals)

What's behind the goods and services you might take for granted

Reasons monopolies are bad

Who is controlling your money (and inflation)

Policies that can cause more harm than good

How the simple "supply and demand" model easily explains the price of everything

The effects of taxation on society

Learn to:

Decipher consumer behavior

Use the model of supply and demand

Identify factors that lead to inflation

Understand fiscal and monetary policies

 

 

 

 

 

 

 

 

 

 

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