Everyday Economics: Honest Answers to Tough Questions

Overview

From how the current crisis happened to the role of banks to how money works, this book addresses complex ideas in an easy to understand Q&A format with lively prose. With examples throughout from personal finance issues such as how to negotiate the best price for a car, and should you buy a warranty for a new computer, to big picture questions that affect our national and global economy such as: What is deflation and inflation? How does monetary policy really work? How does a corporation actually go ...

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Everyday Economics: Honest Answers to Tough Questions

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Overview

From how the current crisis happened to the role of banks to how money works, this book addresses complex ideas in an easy to understand Q&A format with lively prose. With examples throughout from personal finance issues such as how to negotiate the best price for a car, and should you buy a warranty for a new computer, to big picture questions that affect our national and global economy such as: What is deflation and inflation? How does monetary policy really work? How does a corporation actually go bankrupt?

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Editorial Reviews

From the Publisher
“Everyone can benefit from reading Everyday Economics. Officer's practical advice based on classical economics will have you thinking twice about decisions you took for granted in the past. From personal finance to globalization, Everyday Economics will help you to put your decisions within a logical framework designed to improve outcomes.”—Norman Obst, Professor of Economics, Michigan State University

“No dry technical jargon here, just how business and the world work in laymen's terms. It’s like talking with your favorite uncle, except this uncle understands economics. Economic reasoning is an important life skill, and this book has a lot of practical advice.”—Helen Roberts, Clinical Associate Professor and Associate Director, Center for Economic Education, University of Illinois at Chicago

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Product Details

  • ISBN-13: 9780230617117
  • Publisher: St. Martin's Press
  • Publication date: 5/12/2009
  • Pages: 224
  • Product dimensions: 5.74 (w) x 8.54 (h) x 0.89 (d)

Meet the Author

Lawrence H. Officer is Professor of Economics at University of Illinois at Chicago. He is the author or editor of 14 books; and the author of many articles in professional journals, as well as numerous book chapters, book reviews, encyclopedia contributions, and Internet essays. He is co-founder and Director of Research of MeasuringWorth.com.

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Table of Contents

Preface

• Chapter 1. Introduction (economics is for you)

• Chapter 2. Meaning of Economics (science and common sense)

• Chapter 3. Employment and Compensation (labor markets and you)

• Chapter 4. Personal Finance (your money)

• Chapter 5. Personal Spending (your purchases)

• Chapter 6. Financial Markets (booms and busts)

• Chapter 7. Cycles and Growth (bubbles and bursts)

• Chapter 8. Central Banks and Money (The Fed)

• Chapter 9. Government and the Economy (misplaced trust?)

• Chapter 10. Economic Systems (capitalism and communism)

• Chapter 11. Globalization (global economy and you)

• List of Questions

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