Opportunities and choices: Understanding our economic decisions

Opportunities and choices: Understanding our economic decisions

by Rama V. Ramachandran
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Opportunities and choices: Understanding our economic decisions by Rama V. Ramachandran

Economics allows to understand the decisions we make at home and office. Our choices determine our income, our budget for consumption and our savings. How much should we invest in our education? How do we decide how long and how hard to work? How do we choose the basket we consume? What goals do we have in saving for future? Our choices are guided by our goals, our preferences and the opportunities we have? Can we choose the basket we want to consume? What we can afford is determined by prices we have to pay? How are prices determined in the market? How do monopoly or competition among affect market prices? How do we invest our savings through financial institutions? How uncertainty affect our future returns and what can we to reduce the uncertainty? The goal of the book is to explain economic analysis to a general reader who is not interest in complex technical arguments.

Product Details

BN ID: 2940012916112
Publisher: Rama V. Ramachandran
Publication date: 05/18/2011
Sold by: Barnes & Noble
Format: NOOK Book
File size: 1 MB

About the Author

Ramachandran is his academic career of forty-five years have won many teaching awards. He is now focused in using his experience to make economic analysis intelligible to those outside academics as they are the vast majority making economic decisions and are affected by economic changes.

Ramachandran was educated in India, Germany and the United States. He received his doctorate in economics from Brown University in Rhode Island. In United States, he taught at Southern Methodist University and at Stern School of Business at New York University. He published many papers in professional journal and authored and edited books. He was the Associate Editor of the journal, "Japan and the Word Economy."

He was recipient of Outstanding Professor Award of Dedman College in 1980 and 1983 and Most Popular Professor of Dedman College in 1984.

He maintains a website,http://www.visualeconomicanalysis.info/index.html. The Forum linked to the website has posting on current economic issues that focus on what is feasible as compared to what is or should be chosen. The decision to choose one of the possible alternatives involves political and policy preferences.

He lives in Plano with his wife who is interested in culinary history and has published a book "Grains, Greens, and Grated Coconuts: Recipes and Remembrances of a Vegetarian Legacy."

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Opportunities and choices: Understanding our economic decisions 5 out of 5 based on 0 ratings. 1 reviews.
Anonymous More than 1 year ago
I had the privilege of working with Mr.Ramashandran in the 80's at SMU. He cultivated and encouraged my curiosity in micro and macro economics. There are only a handful of professors that have had an impact on me & Mr. Ramashandran is at the top. Thanks to his enthusiasm and commitment to the importance of economics in our society, I have been able to enjoy a 25+ year career in an exciting, evolving, and ever-changing world. Thank You! Cynthia Wintrick