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Economics For Dummies
Book + Chapter Quizzes Online
Sean Masaki Flynn (Author)
9781394161331, Wiley
Paperback / softback, published 28 September 2023
432 pages
23.1 x 18.5 x 3.1 cm, 0.567 kg
Learn the basics of economics and keep up to date on our ever-changing economy Whether you’re studying economics in high school or college, or you’re just interested in taking a peek into the complexities of how money moves, Economics For Dummies is the go-to reference that transforms complex economic concepts into easy-to-understand reading. With the simple explanations in this book, you’ll master key topics like supply and demand, consumer behavior, and how governments and central banks attempt to avoid—or at least ameliorate—business downturns and recessions. Plus, you’ll learn what’s going on these days with inflation, interest rates, labor shortages, and the Federal Reserve. Studying for an exam? This Dummies guide has your back, with online practice and chapter quizzes to help you get the score you need. It’s time to recon econ, the Dummies way. Economics For Dummies is an approachable reference book for students, as well as an informative guide for anyone interested in learning more about today’s economy.
Introduction 1 Part1: Economics: The Science of How People Deal with Scarcity 5 Chapter 1: What Economics Is and Why You Should Care 7 Chapter 2: Cookies or Ice Cream? Exploring Consumer Choices 23 Chapter 3: Producing Stuff to Maximize Happiness 37 Part 2: Microeconomics: The Science of Consumer and Firm Behavior 59 Chapter 4: Supply and Demand Made Easy 61 Chapter 5: Introducing Homo Economicus, the Utility-Maximizing Consumer 87 Chapter 6: The Core of Capitalism: The Profit-Maximizing Firm 105 Chapter 7: Why Economists Love Free Markets and Competition 129 Chapter 8: Monopolies: Bad Behavior When Competition Is Lacking 155 Chapter 9: Oligopoly and Monopolistic Competition: Middle Grounds 177 Part 3: Applying the Theories of Microeconomics 195 Chapter 10: Property Rights and Wrongs 197 Chapter 11: Asymmetric Information and Public Goods 209 Chapter 12: Internet Economics: Networks and Platforms 225 Chapter 13: Behavioral Economics: Investigating Irrationality 245 Part 4: Macroeconomics: The Science of Economic Growth and Stability 263 Chapter 14: How Economists Measure the Macroeconomy 265 Chapter 15: Inflation Frustration: Why More Money Isn’t Always Good 285 Chapter 16: Understanding Why Recessions Happen 303 Chapter 17: Fighting Recessions with Monetary and Fiscal Policy 329 Chapter 18: Grasping Origins and Effects of Financial Crises 359 Part 5: The Part of Tens 369 Chapter 19: Ten Seductive Economic Fallacies 371 Chapter 20: Ten Economic Ideas to Hold Dear 379 Chapter 21: Ten (Or So) Super-Famous Economists 383 Chapter 22: Ten (Or So) Recent Nobel Laureates in Economics 391 Glossary 397 Index 405
Subject Areas: Economics [KC]
