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Deciphering Economics: Timely Topics Explained

Deciphering Economics: Timely Topics Explained


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About the Book

This compact yet comprehensive guide provides a wealth of information that is timely, easy to understand, and relevant to the academic and civic lives of students, teachers, researchers, and the general public.

Economics surround us, impacting the decisions people make as consumers, producers, workers, savers, investors, taxpayers, and voters. This guide offers a thorough and understandable overview of basic economic concepts and principles, providing building blocks for understanding the systems of economics in today's complex world. It then explores contemporary, economics-related topics, issues, and challenges that exist within local communities, the U.S. economy, and the global economy.

Using language that is clear, precise, and accessible to high school and community college students as well as to general readers, the book covers microeconomic topics, macroeconomic topics, and international economics. It connects theory and practice as it examines how economic decisions are made and looks at the roles of the private and public sectors in achieving growth, stability, and employment. In addition, the author explores overarching trends in the global economy and the prospects for economic development in emerging nations and offers specific ways to locate other quality print and online resources on economics.



Table of Contents:

List of Figures
List of Tables
Preface
Acknowledgments
Using This Reference
Guide to Related Topics
Timeline: Key Economic Events That Shaped the Modern Era, 1776–2014
Part I: An Introduction to Economics
1 The Basics of Economic Thinking
Economic Science
Five Basic Economic Principles
Economic Schools of Thought: An Historical Overview
2 Basic Economic Concepts
Scarcity, Choice, and Opportunity Cost
The Circular Flow Model
Demand
Supply
Market Equilibrium
3 Economic History and Economic Systems
Stages of Economic History
Economic Systems: The Models
Capitalism
Other Economic Systems
Part II: Microeconomic Topics
4 Consumer Power and Behavior
Consumer Rights and Protections
Consumer Movements
Consumer Behavior
Consumer Issues
5 Businesses: The Basic Production Unit
Business Basics
Business Organization
Market Structures
Business Behavior
6 Workers and Worker Power
Workers and Worker Behavior
Labor Unions and Worker Power
Labor Issues
7 Governments Raise and Spend Money
Government Revenues
Government Spending
The Federal Budget
Part III: Macroeconomic Topics
8 Growing the Economy
The Gross Domestic Product
Measuring Economic Growth
Determinants of Economic Growth and Productivity
Limitations of Economic Growth
9 The Financial System Promotes Economic Activity
Money and the Money Supply
Banks and Other Depository Institutions
Other Financial Institutions
Issues in the Global Financial System
10 Promoting Economic Stability
Price Instability
Unemployment and Underemployment
The Federal Reserve System and Monetary Policy
Fiscal Policy
Part IV: International Topics
11 International Trade and the Global Trading System
Trade Basics
Trade Barriers
Trade Agreements
Challenges to Trade Liberalization
12 The Global Economy and Globalization
The Global Economy
Pillars of Globalization
Challenges to Globalization
13 Sustainable Economic Development
Classifications of Economies
Sustainable Economic Development
Challenges to Global Prosperity
Glossary of Selected Terms
Common Abbreviations in Economics
Selected Bibliography
Key Economic Web Sites
Index to Primary Documents
Index to Economics in History
General Index



About the Author :
David E. O'Connor is adjunct professor of economics at the University of Connecticut.and an economics teacher at the Edwin O. Smith High School in Storrs, CT.

Review :
This book impressively serves as a great resource for both those wanting to learn about economics and as a point of reference for those individuals who are knowledgeable in the field. . . . He succeeds at meticulously breaking down and explaining a very complex and ever-changing topic. The reader-friendly narrative is easy to follow, making it highly accessible to users at all levels. This reviewer would recommend this book for all public and academic libraries. It has basic economic information that enables students and the public to general information about economics. It is a comprehensive source for research papers, reports, and it can be utilized as a textbook for class. It can be used as a citizen's guide to enable the general public to understand our U.S. and global economic systems. Those without coursework or a background in economics will appreciate this broad overview of economics . . . The book, written in clear and unassuming language . . . follows a thoughtful organization . . . This compact yet comprehensive guide fills a niche by providing a general introduction to the study of economics, allowing readers to gain a slightly better than basic understanding before embarking on any more in-depth study into particular aspects of the field. . . . Summing Up: Recommended. Lower-division undergraduates and above; general readers.


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Product Details
  • ISBN-13: 9781440804106
  • Publisher: Bloomsbury Publishing PLC
  • Publisher Imprint: Greenwood Press
  • Height: 254 mm
  • No of Pages: 376
  • Weight: 920 gr
  • ISBN-10: 1440804109
  • Publisher Date: 12 May 2014
  • Binding: Hardback
  • Language: English
  • Sub Title: Timely Topics Explained
  • Width: 178 mm


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