Economics: A Self-Teaching Guide / Edition 2

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Economics Made Easy Economics: A Self-Teaching Guide is back in a new and revised edition to help you teach yourself introductory economics quickly and painlessly. Using the most up-to-date information, this new edition gives you a clear picture of the way our economy works. Essential math and analysis skills are presented right at the beginning, so you can understand principles and equations from the start—without a lot of struggle. Whether you use it as an introduction, a review, or a supplement to other materials, Economics: A Self-Teaching Guide, Second Edition is the perfect resource for anyone exploring basic economics. In clear, easy-to-follow language, Steve Slavin covers every aspect of the U.S. economy, including a historical review, resources, macro- and micro-economics, gross domestic product, the economic sectors, inflation and unemployment, fiscal policy, banking and monetary policy, economic theory, supply and demand, and much more. To help you to gauge your understanding of the material, exercises are provided throughout the book and a self-test at the end of each short section sums up all you have learned. With the help of Steve Slavin, economics is no longer a mystery—it's a fascinating realm of exploration and discussion.

Here is an unintimidating text on basic micro- and macroeconomic principles that is ideal for selfinstruction.

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Product Details

  • ISBN-13: 9780471317524
  • Publisher: Wiley
  • Publication date: 8/28/1999
  • Series: Wiley Self-Teaching Guides Series, #149
  • Edition description: REV
  • Edition number: 2
  • Pages: 272
  • Product dimensions: 7.50 (w) x 9.20 (h) x 0.61 (d)

Meet the Author

STEVE L. SLAVIN, Ph.D., is Associate Professor of Economics at Union County College in Cranford, New Jersey. He has also taught at Brooklyn College and at the New York Institute of Technology.

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Table of Contents


The American Economy Since World War I.

Understanding and Manipulating Numbers.


Economic Resources.

The Mixed Economy.

Gross Domestic Product.

The Government, Business, and Consumption Sectors.

Inflation and Unemployment.


Fiscal Policy.

Money, Banking, and Monetary Policy.

Twentieth-Century Economic Theory.


Demand and Supply.

Theory of Consumer Behavior.

Supply in the Short Run and the Long Run.

Four Models of Competition: Perfect Competition, Monopoly, Monopolistic Competition, and Oligopoly.


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Customer Reviews

Average Rating 5
( 1 )
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Sort by: Showing all of 2 Customer Reviews
  • Posted April 24, 2012

    Too many lies

    This book is based entirely on the failed premises of Keynes' General Theory, and it's numerous fallacies.

    Read this book and you will be completely ignorant of Real-World Economics.

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  • Anonymous

    Posted October 20, 2001

    A student savior

    Anyone who studied economics, or has to take it as a requirement, knows that it is not a ¿Cakewalk¿ class, especially for math-haters. But the student doesn¿t have to fear the crunch of the numbers anymore. Professor Steve Slavin¿s book: ¿Economics: A self-Taught Guide¿ lends a hand to anyone suffering from Keynesian model migraines, Gross Domestic Product paranoia, Total cost terrors and all the endless formulas and equations embedded in Macroeconomics. Slavin makes his intentions clear from the very beginning by treating the reader as if they know absolutely nothing about the economy. Part one gives some background on how the first and second world wars affected the economy and how many of the economic institutions we have now began. This chapter gives a good solid background on how the discipline really evolved. For those who are ¿Lacking¿ in math skills, chapter two becomes the student¿s new guardian angel. The dreaded formulas are not only explained in detail, but that they are written with amazing simplicity is probably the best feature of the book. The complex formulas are broken down into words and instead of having to throw variables around; the reader finds the formula solving process reviewed step by step. Index numbers are covered, along with percentage changes. As the reader moves into part two, the more advanced aspects of economics enter the picture. Society¿s unlimited wants, demands, resources, production possibilities curves, taxes and, of course, Gross Domestic Product are all covered. Slavin gives more detailed instructions on formula use and their role in the topics discussed. Calculating the inflation and unemployment rates are covered along with the different types of sectors and their effects, and not forgetting the invisible hand. As the reader progresses into the final section of the book, Slavin discusses money and banking, fiscal policy and automatic stabilizers. Demand and supply are covered in the last two chapters along with monetary policy and modern economic theory. In part four, a brief guide to Microeconomics gives a glimpse into Short and long run supply, models of competition and general microeconomic theory. There is almost no doubt that this book will have a positive impact on a macroeconomics course. The book is stuffed with examples that are so easy to understand that the reader feels like they are in a ¿For Dummies¿ book. However, since there isn¿t one, this is the best substitute. Slavin is extremely reader-friendly by his informal tone. He let¿s the student know from the start that even professionals make mistakes in economics. Slavin does something that few authors have ever done; encourages the reader to make mistakes. He even anticipates them and this makes for a sympathetic teacher, which not only boosts the student¿s confidence but also makes them feel good. Such informal optimism is needed because it helps the student not only to pass the course, but also learn the subject. Slavin interacts with the student by giving them self-tests and exercises to practice on. They become easier every time and the reader even starts making up some numbers to fool around with. The formulas are similar to the examples found in any class textbook, so you can use the for homework purposes. This book gets the A+ for both content and clarity. Any student who has to take an economics course as a requirement but has trouble with the concepts involved or the equations used, this book is a must-have. Slavin helps to kill the math monster so you should keep this after you¿re done with the class because it can help you follow the economy and actually know what¿s going on.

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