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!