Looking Back, Moving Forward [NOOK Book]

Overview

The Complete Idiot’s Guide® to the Financial Crisis is being written this very moment as the crisis continues to unfold. Part Five in this ongoing series, Looking Back, Moving Forward, is available to you now exclusively in electronic format. Part Five begins with a chapter titled “What the Crisis Means for You Right Now” that offers practical ideas, strategies, and advice that you can use to prepare for and respond to the changing economic environment. Part Five also features chapters that explore the erosion of...
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Looking Back, Moving Forward

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Overview

The Complete Idiot’s Guide® to the Financial Crisis is being written this very moment as the crisis continues to unfold. Part Five in this ongoing series, Looking Back, Moving Forward, is available to you now exclusively in electronic format. Part Five begins with a chapter titled “What the Crisis Means for You Right Now” that offers practical ideas, strategies, and advice that you can use to prepare for and respond to the changing economic environment. Part Five also features chapters that explore the erosion of America’s middle class, look back at the Great Depression, and look forward to a recovery, The author of The Complete Idiot’s Guide® to the Financial Crisis will continue to cover America’s evolving financial and economic situation in the coming months, so stay tuned for future installments to the series. This ground breaking format combines timely reporting with deeper analysis and a broader perspective than can be found in the newspaper or on the radio, TV, and Internet. And because it’s a Complete Idiot’s Guide®, the content is explained in an objective, authoritative, and easy-to-understand manner.
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Product Details

  • ISBN-13: 9781101162057
  • Publisher: DK Publishing, Inc.
  • Publication date: 7/21/2009
  • Series: COMPLETE IDIOT'S GUIDE
  • Sold by: DK
  • Format: eBook
  • Pages: 352
  • File size: 209 KB

Meet the Author

Tom Gorman is author of The Complete Idiot's Guide to MBA Basics He holds an MBA from NYU and is former director of editorial services at DRI/McGraw-Hill, the world's largest and oldest economic forecasting and consulting firm.

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Table of Contents

Part 1 The Big Picture 1
1 Who Gets What, and How? 3
What Is Economics and Who Cares? 4
Will That Be Large or Small? 5
A Firm Base 7
Getting Organized: Command, Market, and Mixed Economies 9
Three Economists and Their Theories 11
The Dismal Science? 14
2 GDP and the Players Three 17
All Together Now: C + I + G 18
GDP Is "The Economy" 19
Consumers: Buyers, Buyers Everywhere 20
Investment: Business Buys as Well as Sells 24
Government: He's Your Uncle, Not Your Dad 27
Imports and Exports 28
It All Adds Up 29
3 The Economist's Toolbox 31
Numbers Please: Economic Data 32
Watch Out! 43
4 Supply, Demand, and the Invisible Hand 47
Demand: Wants, Needs, and Red Meat 48
Demand Change! 50
Back to the Curve 53
Supply: You Want It, We Got It 55
Change Supply! 56
Equilibrium: Mr. Demand, Meet Mr. Supply 60
It's Not Just a Good Idea, It's The Law 64
5 Look at These Prices! 67
Let's Stretch: Elasticity of Demand 68
What Determines Elasticity? 75
Tinkering with Markets 77
The Price You Gotta Pay 83
Part 2 Capitalism at Work 85
6 Buyer Be Where? Consumer Behavior 87
What's the Use? Demand and Utility 88
Milk and/or Cookies 95
7 Pluses and Minuses: Income, Outgo, and Investment 103
Where Income Comes From 104
Propensity to Save and to Consume 106
Spend or Save? 107
Meanwhile, At the National Level 112
The Importance of Investment 114
Multiplicity: How Investment Flows Through the Economy 117
8 The Business of Business 119
Business Realities 120
What's a Business Person to Do? 124
Why the Big Get Bigger: Returns to Scale 127
Monopoly and Oligopoly 130
Meanwhile, Out in the Marketplace 134
9 Wages, Workers, and the Workplace 135
Fighting Over the Pie? 136
The State of the Unions 137
Discrimination Doesn't Pay 146
What Works? 147
10 The Ups and Downs of the Business Cycle 149
What Is the Business Cycle? 150
The Inflation-Unemployment Tradeoff 152
Changes in the Cycle 154
Serious Depression 157
Booms and Bubbles 159
Look Out Below: Falling Prices 159
Part 3 The Government and the Economy 163
11 To Have and Have Not: Wealth and Poverty 165
What Is Poverty? 166
Who's Got How Much? 167
Why Incomes Are Becoming More Unequal 171
What's the Government's Role? 174
Other Aspects of Wealth and Poverty 175
The Ultimate Issue: Quality of Life 177
12 Hey, Big Spender! The Federal Budget 179
Role of Government in a Capitalist Economy 180
The Government Share of the Economy 182
Social Security: A Case in Point 188
Government Agencies That Affect the Economy 190
Government the Enemy? 193
13 Fiscal Policy and Economic Growth 195
Government's Unique Situation 196
Of Deficits and Debt 201
So, Who's Right About Fiscal Policy? 207
Part 4 Money, the Banking System, and Monetary Policy 209
14 The Colors of Money 211
What Is Money? 212
In Circulation: The Velocity of Money 216
Where We're Going 220
15 The Bank's Bank: The Federal Reserve and the Banking System 221
A Bank for All Reasons 222
A Bit of Background on Banking 225
Monetary Moves 226
How Money Is Created 230
A Money Tree? 235
16 Monetary Policy: Stepping on the Gas, Hitting the Brakes 237
Monetary Policy in Action 238
Let's Look at the Record 243
Fed Watching 244
Part 5 The Global Economy 247
17 International Trade: Made in USA, Japan, Mexico, Italy ... 249
Exports, Imports--Why Bother? 250
The Argument for Free Trade 252
Arguments Against Free Trade 253
Barriers to International Trade 257
International Trade Agreements 258
Let's Trade 259
18 International Finance: Pesos, Euros, and Yen 261
About Foreign Exchange 262
Effect on Imports, Exports, and GDP 265
Trade Deficits: Bad or Good? 269
The International Monetary System 271
The EU and the Euro 274
The Dollar and the U.S. Economy 275
19 The Global Market and Developing Nations 277
A Three Part World? 278
The World's Economies 278
Production and Income Classifications 282
A Worldwide Market? 285
What Does the Future Hold? 290
Part 6 Everyday Economics 291
20 It's Down! It's Up! Monitoring the Economy's Pulse 293
The Value of Economic News and Information 294
Key Economic Indicators and Their Importance 294
Financial Market Indicators 304
Economic Forecasting: Fact or Folly? 307
21 Applied Economics in Business and Personal Life 309
All Economics Is Local 310
Personal Business and Economics 314
Economics and Citizenship: Understanding the Issues 320
Appendix
Resources for the Economically Inclined 323
Index 327
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Sort by: Showing 1 Customer Reviews
  • Anonymous

    Posted September 20, 2011

    Misleading

    This is not the whole book. Very misleading. I would like to have bought the whole book.

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