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by Allen W. Smith

Download Demystifying Economics : The Book That Makes Economics Accessible to Everyone--Expanded Second Edition fb2, epub

ISBN: 0964850494
Author: Allen W. Smith
Language: English
Publisher: Ironwood Pubns; Expanded edition (April 15, 2000)
Pages: 272
Category: Economics
Subcategory: Money
Rating: 4.9
Votes: 291
Size Fb2: 1941 kb
Size ePub: 1535 kb
Size Djvu: 1496 kb
Other formats: lit doc mbr lrf


He taught economics to college students for 30 years before retiring as Professor of Economics at Eastern Illinois University in 1998 to become a full-time writer.

He taught economics to college students for 30 years before retiring as Professor of Economics at Eastern Illinois University in 1998 to become a full-time writer. His first book, UNDERSTANDING INFLATION AND UNEMPLOYMENT, became an alternate selection of Fortune Book Club, and his high school textbook, UNDERSTANDING ECONOMICS, published by Random House, was used in more than 600 schools in 48 states.

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Demystifying Economics book .

Demystifying Economics.

Presents a simplified explanation of basic economics, using examples that relate economic concepts to daily life, discussing the laws of supply and demand, gross domestic product, inflation, money . Expanded 2. ed. External-identifier.

Presents a simplified explanation of basic economics, using examples that relate economic concepts to daily life, discussing the laws of supply and demand, gross domestic product, inflation, money and banking, and other topics. urn:acs6:le:epub:3dc-7022fe0c10fa urn:oclc:record:1029024613.

Location & Availability for: Demystifying economics : the book that . Published: Frostproof, Fla. : Ironwood, 2008.

Frostproof, Fla. Regions: United States - Economic conditions. Tags: Add. No Tags, Be the first to tag this record! Spaces will separate tags.

Tim Harford tells the fascinating stories of inventions, ideas and innovations which have helped create the economic world. A device that changed women's lives was designed to make a man very rich. Higher quality (128kbps). Lower quality (64kbps). Hollerith punch card.

Find nearly any book by Allen W. Smith. Get the best deal by comparing prices from over 100,000 booksellers. ISBN 9780964850491 (978-648504-9-1) Hardcover, Ironwood Pubns, 2000.

The bestselling IB Diploma course book for Economics has been revised and updated .

The bestselling IB Diploma course book for Economics has been revised and updated in line. 26 MB·3,119 Downloads·New! economic history at the London School of Economics. This book showcases the power of economic principles to explain and predict Principles Principles of Agr. Thinking, Fast and Slow. 91 MB·1,833 Downloads·New!

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Written in simple language and using concrete examples that relate economics to ordinary life, offers a lay-oriented survey of basic economics.

Comments:

Fohuginn
With all this talk lately about the condition the economy is in, I thought I'd do myself some good and actually read up a little bit on what the economy is actually all about - I'm in my 30's and it's been some years since those highschool economics classes.
I actually picked this up at my local library - but I liked it so much it's now on my Wish List.
The author takes a subject that's frankly not very exciting or clear to most, and puts it in words almost anyone can understand and states examples of how different concepts would work.
In this book I learned about such things as:
-The laws of Supply and Demand
-Different types of business organizations and what monopolies, oligopolies, and anti-trust laws are all about
-Labor unions and their effect on the workforce, and why some trades tend to make so much more than others due again to supply and demand
-What the gross domestic product is and how fiscal policies effect the economy
-Where the money for unemployment checks comes from and how the government determins what the unemployment rates are
-What causes inflation and why it's not necessarily a bad thing
-How the Federal Reserve System works and what banks do with my money after I make a deposit
-How internation trade effects the economy, and why buying foreign goods is actually good for the economy
Although this book doesn't cover everything there is to know about economics, it certainly is a great book for "US Economics in a Nutshell," and I feel I have a much better understanding of how the economy works now.
Kearanny
An excellent book for the beginner student.
Lemana
Best best best, best
Jusari
I picked this book up when I realized I needed to brush up on some economics and cover some bases I did not study adequately enough in school. As an introduction to economics for the layman, it does its job, thus the 4 stars I give it.

I knew since reading Paul Krugman that the national debt was a serious problem, but Table 10-1 of this book, which shows its growth over the past few decades, leaves haunting images within me. I am very concerned about our national debt, in a way I was not before, with the author clarifying for me the nature of the national debt and its relationship to the budget deficits. Clarifying concepts is what Dr. Allen W. Smith does best.

The book covers the characteristics of individual proprietorships, partnerships and corporations, and explains supply-side economics, monetarism, and absolute and comparative advantage, among many other things. The clarity with which the writer expresses these concepts has made me think hard about the pitfalls of starting my own business, in which I would be totally liable for any debts that I incur.

Dr. Smith's explication of the importance of marginal revenue and marginal cost to determine optimal production levels is very good. In school I learned that you can maximize profit when marginal revenue equals marginal cost, but the book allowed me to understand the reasoning behind it.

It's a short book, with a mini-dictionary at the end, and is never boring. It is strongly recommended for those who want to learn more about economics or at least brush up on some topics.

I suspect the book is too elementary for those hard-core into economics, but it has great value for most of the "educated" public.
Dorintrius
DEMYSTIFYING ECONONOMICS takes a complex subject and makes it possible for both beginning students and older adults who have forgotten a lot from school days, to understand the basics of economics. The author has over 28 years of teaching experience and it shows. He is a writer who cares about students and the public, not just other economists. The careful reader will learn about the basic problem of economics, that is scarcity. Nations and citizens must choose because we have unlimited wants and limited resources. Readers will learn: the varied ways in which business firms are organized, labor economics, government policies designed to keep from boom and bust excesses, money and banking and international trade etc. The book also tells the story of how our national debt zoomed from 290.5 billion in 1960 to 5 trillion,711.4 billion (est) in 2000. This book belongs in libraries, as a companion text in schools and colleges and in the personal libraries of citizens who wish to make informed choices.
Fast Lovebird
This is an excellent book that clearly illustrates economic principles and concepts in a way that is easy to digest and understand. The examples the author uses are simple to grasp, and I took away a lot of knowledge from this book.

I highly recommend it.

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