If you want to get to grips with the basics of economics and understand a subject that affects British citizens on a daily basis, then look no further than Economics For Dummies. This easy to understand guide takes you through the world of economics from understanding micro- and macroeconomics to demystifying complex topics such as capitalism and recession.
This updated edition walks you through the history, principles and theories of economics as well as breaking down all the complicated terminology, leaving you clued up on economics in no time.
Getting to grips – explore the science of economics and how people deal with scarcity
Keeping an eye on it – learn all about macroeconomics and how economists keep track of everything
Watch patterns emerge – understand why monitoring consumer behaviour is vital and all you need to know about microeconomics
Your recession guide – expert advice on recessions and a detailed look at why they occur
Open the book and find:
Why you should care about economics and how it affects you
Tools to help you understand a recession
A guide to seductive economic fallacies
All you need to know on monetary and fiscal policies
How supply and demand can be made easy
Why it's vital to track consumer choices
An in-depth look at a profit-maximising firm and the core of capitalism
Guidance on property rights and wrongs
Look through economic history and spot the trends
Understand micro- and macroeconomics
Get to grips with consumer behaviour and its influence on the economy
Spot the signs of a recession and see how economic decisions affect you
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.