Economics For Dummies
Grasp the history, principles, theories, and terminology of economicsWant 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 servicesOh, 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 outputPut it to the test — find out how to apply theories onmicroeconomics to shed light on real-world scenarios, likethe high cost of health insurance, why it's so hard to find aquality used car, and much moreGet the big picture — take a look at the economy from the top (macroeconomics) to find out how economic growth andstability is dealt with at national and international levelsOpen the book and find:How the government fightsrecessions and unemploymentWhy international trade is good for nations (and individuals)What's behind the goods andservices you might take for grantedReasons monopolies are badWho is controlling your money (and inflation)Policies that can cause more harm than goodHow the simple "supply anddemand" model easily explains the price of everythingThe effects of taxation on societyLearn to:Decipher consumer behaviorUse the model of supply and demandIdentify factors that lead to inflationUnderstand fiscal and monetary policies