Economics For Dummies

If you think economics is a complicated discipline that’s reserved for theorists and the intellectual elite and has nothing to do with you, think again. Economics impacts every aspect of our lives, from what we eat, to how we dress, to where we live. Economics might be complicated, but it has everything to do with you.piEconomics For Dummies/i helps you see how your personal financial picture is influenced by the larger economic picture. When you understand how what happens on Wall Street affects Main Street and how policies emanating from the White House impact the finances in your house, you’ll be able to:ul type="disc"liLearn how government economic decisions affect you and your familyliMake better spending decisions and improve your personal financesliMaximize your business profitsliMake wiser investments/ulpWritten by Sean M. Flynn, PhD, Assistant Professor of Economics at Vassar College, iEconomics For Dummies/i covers all the basics of micro- and macroeconomic theory. The next time you need to understand an economic theory or calculation, whether it’s on the nightly news or on a spreadsheet at work, you’ll no longer be in the dark. iEconomics For Dummies/i covers all the history, principles, major theories, and terminology, including:ul type="disc"liHow economics affect governments, international relations, business, and even environmental issues like global warming and endangered speciesliHow the government fights recessions and unemployment using monetary and fiscal policyliHow and why international trade is good for you even if you don’t appreciate French champagne, Irish crystal, or Swiss watchesliHow the law of supply and demand can explain the prices of everything from comic books to open heart surgeriesliHow the Federal Reserve controls the money supply, interest rates, and inflationliBasic theories such as Keynesian economics, the Laffer Curve, and Adam Smith’s Invisible Hand/ulpPresenting complex theories in simple terms and helping you decode the jargon, understand the equations, and debunk the common misconceptions, iEconomics For Dummies/i could be a big boon to your personal economy!