 | Economics For Dummies By Sean Masaki Flynn
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Product Description
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.
- Amazon Sales Rank: #15961 in Books
- Published on: 2011-04-12
- Original language: English
- Number of items: 1
- Dimensions: .85" h x 7.36" w x 9.19" l, 1.31 pounds
- Binding: Paperback
- 408 pages
Features
- ISBN13: 9780470879481
- Condition: New
- Notes: BRAND NEW FROM PUBLISHER! 100% Satisfaction Guarantee.
- Tracking provided on most orders. Buy with Confidence! Millions of books sold!
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.
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The science of scarcity — discover how economics is all about scarcity, and how it forces people to make tradeoffs for desired goods and services
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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
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Put 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 more
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Get 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 levels
Open the book and find:
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How the government fightsrecessions and unemployment
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Why international trade is good for nations (and individuals)
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What's behind the goods andservices you might take for granted
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Reasons monopolies are bad
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Who is controlling your money (and inflation)
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Policies that can cause more harm than good
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How the simple "supply anddemand" model easily explains the price of everything
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The effects of taxation on society
Learn to:
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Decipher consumer behavior
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Use the model of supply and demand
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Identify factors that lead to inflation
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Understand fiscal and monetary policies
About the Author
Sean Flynn, PhD, is an assistant professor of economics at Scripps College in Claremont, California. He is an active resource on the topic of economics in both the academic community and the media. He has been a guest expert on NPR and has been interviewed for articles on Forbes.com.
Most helpful customer reviews
18 of 19 people found the following review helpful.
Great Source of Information, but Dummies Beware ...
By DACHokie
Having accumulated several of the "for Dummies" books over the years, I find that they offer a great base knowledge of information on a wide variety of subjects and are very useful as a reference. That being said, some topics are a little too "meaty" to simplify so easily ... and I would have to include economics as one of those topics.
Although a business management degree required me to take several courses in economics over 20 years ago, I was well aware then that the subject matter was far more complex and deep than any of the overview courses I took. Needless to say, only the most basic economic principles have stuck with me over the years. Fast forward to today, with the economy being such an important issue in our lives, and ECONOMICS FOR DUMMIES seemed logical as both a refresher course and a reference. While I thought the presentation of economic s was as good as any of the "for Dummies" books, I quickly understood the reason I never retained the old college course material in the first place ... the subject matter is simply tedious. Face it, economics is a specialized and involved field of study that requires an attention span of more than a passing interest. In other words, economics is not for dummies at all.
What I like about ECONOMICS FOR DUMMIES is the standard "Dummies" format with the icons in the margins that allows the reader to distinguish what material is important to remember from the material that is superfluous. There are plenty of real-life scenarios presented to further illustrate the various economic concepts. What gets complicated is that the foundation of basic principles is compounded by so many intervening variables that the material may quickly overwhelm a reader. The real-life scenarios are helpful, but the speedy progression of economic concepts can render the reader lost in a sea of graphs, charts and economic vernacular. In other words, a person completely unfamiliar with economics may find the onslaught of such complicated, and quite frankly, boring subject matter a turnoff. I venture to say that the book would be better served if presented in smaller doses ("Supply and Demand for Dummies", "Macro-economics for Dummies", "Recession for Dummies", etc.) rather than a condensed overview of the entire realm of economics. Regardless, the book DOES provide an decent overview of economics and how it relates to the world today (meaning a lot of time is spent covering inflation and recession) in as simplified a manner as possible (no small feat). At the end of the book, the author provides an interesting list of economic myths that should be very enlightening to most readers.
The true value of the book, however, may be as a quick reference tool or resource to disseminate and somewhat understand what is being reported on the news, day in and day out ... after all "it's the economy, stupid". While most of us generally like to read a book from start to finish, there are some books that are best served as a reference to be pulled from the shelf when a question needs to be answered ... in that case, this book is invaluable.
11 of 11 people found the following review helpful.
What I Should Have Learned in Econ 101
By Marcia Burns
Had I read Economics for Dummies before I took the Econ 101, the class would have made much more sense. I finally understand how the government puts money into the economy, why many stimulus measures may not work at all, and the futility of price supports. While my huge Econ textbook contained arcane terms and copious footnotes, it's nice to know that the basic concepts of economics depend on neither of these. I suspect the author of having conservative leanings, and I suspect that some of his arguments are either oversimplified or have another side not presented here, but for the modest price of this book, I certainly gained insight for evaluating the political fray which is currently taking place and really obtained more useful information than I gained in the $1,000 class. (This book was provided to me by the Amazon Vine program, but I also bought a copy for my Kindle; every time I had a moment to read the free copy, I found it in my husband's hands! Oh, by the way, much as I love my Kindle, this is not a good book to read there. Increasing the type size does not increase the size of the formulas, leaving them very difficult to read.)
8 of 8 people found the following review helpful.Smart enough for dummies?
By Christopher Powell
I picked this book up because I'm constantly barraged by the media and politicians on their political takes of the economy. Democrats believe that bottom up works and republicans believe in supply side. I wanted to get away from the power driven hype and reestablish the sliver of knowledge gained in my college micro and macro course study.
My verdict? Certainly this book takes you back to school and requires some dedication to obtaining its concepts. I was expecting more of a high level approach but found that it's significantly detailed in concepts with charts, graphs, and formulae. It's not a casual read and I will admit to skipping to topics of interest to prevent being overwhelmed by topics i didn't have relative references to. I find now that I use it as a reference to topics to better understand what I run into. QE2 is no longer a ship to me.
i did like the end of the book in which the author covered the bubble and financial crisis. He does so without coloring it with politics and evenly details aspects that impacted the crisis. It's no longer effective to just demonize Wall Street, Main Street or the Government. All three's impacts were reviewed in a way that helps understand without pushing a bias. Good book, I'd recommend it. If your ego won't let you carry a dummies' book, get the Kindle version :)
http://astore.amazon.com/amazon-book-books-20/detail/0470879483
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