Economics Made Simple

How do the banks work? Why do prices rise or fall? Is competition wasteful? Questions such as these arise whenever people seek to understand and discuss the economy. This book explains these and other questions through narrative and lucid explanation rooted in everyday experience and commonsense intuitions.

Economics: Made Simple, 14th Edition covers all the basic aspects of the economic organization of free-enterprise societies, with special reference to Great Britain's position in the European Community. The book tackles the production, distribution, and exchange of goods and services, both within a country and internationally. The text also discusses the basic ideas on production; the factors, scale, and location of production; and the types of business units. The theory of price determination, the money system, the importance of the distribution theory, and the theory of international trade are also discussed. The book describes macroeconomics and the problems associated with it; national income; the development of economic theory; and money, monetary policy, and monetarism. The part played by governments in controlling abuses, promoting social progress, and managing prosperity and the historical development of Economics are considered as well. Students reading books on Economics as a liberal study and practicing economists will find the book useful.

"Economics Made Simple" is a book written for people who know little about economics but are intimidated by the subject. It is written in a simple conversational style that will make a fifth grader relax and enjoy reading about a subject that gives most people difficulty. Its subject matter includes topics like, 1) "Why did the economic crisis of 2008 happen?" 2) "Why are some people paid millions of dollars while most people struggle just to make ends meet?" 3) "How is money created?" 4) "Where did it all begin?" 5)"Does health care need fixing?" 6)"Why do we need a government to do things for us?" 7)"Why should anyone bother to learn economics?" After reading this book, readers will have a better understanding of why things are the way they are, and what can be done to change things that are seen as wrong. The book is intended to empower Americans to make changes in an economic system that impacts everyone's life.

Learn about trade and global economic crises in The Economics Book. Part of the fascinating Big Ideas series, this book tackles tricky topics and themes in a simple and easy to follow format. Learn about Economics in this overview guide to the subject, great for novices looking to find out more and experts wishing to refresh their knowledge alike! The Economics Book brings a fresh and vibrant take on the topic through eye-catching graphics and diagrams to immerse yourself in. This captivating book will broaden your understanding of Economics, with: - More than 100 of the greatest ideas in economics - Packed with facts, charts, timelines and graphs to help explain core concepts - A visual approach to big subjects with striking illustrations and graphics throughout - Easy to follow text makes topics accessible for people at any level of understanding The Economics Book is a captivating introduction to historically important and emerging ideas in a field of science that often confuses newcomers, aimed at adults with an interest in the subject and students wanting to gain more of an overview. Here you’ll discover more than 100 of the greatest ideas, from the earliest experiences of trade to global economic crises, through exciting text and bold graphics. Your Economics Questions, Simply Explained This fresh new guide examines everything from the current financial climate of markets in turmoil and whole economies in melt-down. If you thought it was difficult to learn about this field of science, The Economics Book presents key information in a clear layout. From the earliest development of private property to the cutting-edge modern game theory, learn about centuries of economic thought, making clear even the most complex of concepts. The Big Ideas Series With millions of copies sold worldwide, The Economics Book is part of the award-winning Big Ideas series from DK. The series uses striking graphics along with engaging writing, making big topics easy to understand.

Two of America's most respected economists clarify the basics of economics for everyone who wants to understand the nature of the economic forces that seem to rule our lives. "Clarity triumphant, whether the topic is inflation or government, markets or Marx".--Newsday.

Find all of the following topics, explained in plain-English: Introduction: What is Economics? Not a Perfect Model Microeconomics vs. Macroeconomics 1. Maximizing Utility Decreasing Marginal Utility Opportunity Costs 2. Evaluating Production Possibilities Production Possibilities Frontiers Absolute and Comparative Advantage 3. Demand Determinants of Demand Elasticity of Demand Change in Demand vs. Change in Quantity Demanded 4. Supply Determinants of Supply Elasticity of Supply Change in Supply vs. Change in Quantity Supplied 5. Market Equilibrium How Market Equilibrium is Reached The Effect of Changes in Supply and Demand 6. Government Intervention Price Ceilings and Price Floors Taxes and Subsidies 7. Costs of Production Marginal Cost of Production Fixed vs. Variable Costs Short Run vs. Long Run Sunk Costs Economic Costs vs. Accounting Costs 8. Perfect Competition Firms Are Price Takers Making Decisions at the Margin Consumer and Producer Surplus 9. Monopoly Market Power Deadweight Loss with a Monopoly Monopolies and Government 10. Oligopoly Collusion Cheating the Cartel Government Intervention in Oligopolies 11. Monopolistic Competition Competing via Product Differentiation Loss of Surplus with Monopolistic Competition Conclusion: The Insights and Limitations of Economics

As the field of economics becomes ever more specialized and complicated, so does the mathematics required of economists. With Mathematics for Economists, expert mathematician Viatcheslav V. Vinogradov offers a straightforward, practical textbook for students in economics--for whom mathematics is not a scientific or philosophical subject but a practical necessity. Focusing on the most important fields of economics, the book teaches apprentice economists to apply mathematical algorithms and methods to economic analysis, while abundant exercises and problem sets allow them to test what they've learned.

Confidently develop and apply economic reasoning to everyday situations with the illustrated step-by-step instruction of Everyday Economics Made Easy.