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Instant Economist Everything You Need to Know about How the Economy Works

ISBN-10: 0452297524
ISBN-13: 9780452297524
Edition: 2012
Authors: Timothy Taylor
List price: $16.00 Buy it from $3.41
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Description: The Only Economics Book You Will Ever Need. Economics isn't just about numbers: It's about politics, psychology, history, and so much more. We are all economists-when we work, save for the future, invest, pay taxes, and buy our groceries. Yet many  More...

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Book details

List price: $16.00
Copyright year: 2012
Publisher: Penguin Publishing Group
Publication date: 1/31/2012
Binding: Paperback
Pages: 272
Size: 5.50" wide x 8.00" long x 0.75" tall
Weight: 0.704
Language: English

The Only Economics Book You Will Ever Need. Economics isn't just about numbers: It's about politics, psychology, history, and so much more. We are all economists-when we work, save for the future, invest, pay taxes, and buy our groceries. Yet many of us feel lost when the subject arises. Award-winning professor Timothy Taylor tackles all the key questions and hot topics of both microeconomics and macroeconomics, including: * Why do budget deficits matter? * What exactly does the Federal Reserve do? * Does globalization take jobs away from American workers? * Why is health insurance so costly? The Instant Economistoffers the knowledge and sophistication to understand the issues- so you can understand and discuss economics on a personal, national, and global level.

Introduction
How Economists Think
Division of Labor
Supply and Demand
Price Floors and Ceilings
Elasticity
The Labor Market and Wages
Financial Markets and Rates of Return
Personal Investing
From Perfect Competition to Monopoly
Antitrust and Competition Policy
Regulation and Deregulation
Negative Externalities and the Environment
Positive Externalities and Technology
Public Goods
Poverty and Welfare Programs
Inequality
Imperfect Information and Insurance
Corporate and Political Governance
Macroeconomics and Gross Domestic Product
Economic Growth
Unemployment
Inflation
The Balance of Trade
Aggregate Supply and Aggregate Demand
The Unemployment-Inflation Trade-off
Fiscal Policy and Budget Deficits
Countercyclical Fiscal Policy
Budget Deficits and National Saving
Money and Banking
The Federal Reserve and Its Powers
The Conduct of Monetary Policy
The Gains of International Trade
The Debates over Protectionism
Exchange Rates
International Financial Crashes
A Global Economic Perspective
References
Index

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