The everything economics book : from theory to practice, your complete guide to understanding economics today

The Dismal Science. The Worldly Philosophy. The Science of Scarcity. Most people think economics is one of the most challenging and complex fields of study. But with this book, it doesn't have to be! You will learn how the U.S. economy works in unbiased, easy-to-understand language. And you can learn it without the complex equations, arcane graphs, and technical jargon you'll find in most economic texts. David A. Mayer and Melanie E. Fox explain: Why and how we trade How the government intervenes in markets Unemployment and inflation Supply and demand Competitive, financial, and foreign exchange markets How the economy is measured You will also learn about the causes and fallout of the recent recession and how global climate change may transform the way our economy operates. Most important, with this introduction, you'll learn how our complex and dynamic economy affects the way we actually live our lives. What is economics? Why do we trade? That's not the way we do things! The story of money Banks Supply and demand Competitive markets Imperfectly competitive markets Government in the marketplace Financial markets Foreign exchange and the balance of payments The circular flow of economic activity Keeping score : the gross domestic product Where did my job go? Inflation Putting it all together : macroeconomic equilibrium The federal reserve and monetary policy Voodoo economics Economic growth The great recession of 2007-20?? The environment and the economy. Economics is perceived to be one of the most challenging and complex fields of study. This title helps readers learn how the economy works. It presents the information on how the economy operates to the Great Recession of 2007-2009 and how the implications of global climate change may transform the way our economy operates.