Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
To get the free app, enter your email address or mobile phone number.
Economics For Dummies Paperback – March 25, 2011
|New from||Used from|
See the Best Books of the Month
Want to know our Editors' picks for the best books of the month? Browse Best Books of the Month, featuring our favorite new books in more than a dozen categories.
Frequently Bought Together
Customers Who Bought This Item Also Bought
From the Back Cover
Want to know more about the recent financial crisis and the steps taken to repair it? Packed with information and relevant new examples from today's economy, this updated, best-selling guide gives you a straightforward, easy-to-grasp understanding of how the economy functions — and how it influences personal finances.
The science of scarcity — discover how economics is all about scarcity, and how it forces people to make tradeoffs for desired goods and services
Oh, behave! — learn about theories on behavior (micro-economics) to better understand what motivates a firm to produce a given output, and how buyers and sellers interact in markets to distribute that output
Put it to the test — find out how to apply theories onmicroeconomics to shed light on real-world scenarios, likethe high cost of health insurance, why it's so hard to find aquality used car, and much more
Get the big picture — take a look at the economy from the top (macroeconomics) to find out how economic growth andstability is dealt with at national and international levels
Open the book and find:
How the government fightsrecessions and unemployment
Why international trade is good for nations (and individuals)
What's behind the goods andservices you might take for granted
Reasons monopolies are bad
Who is controlling your money (and inflation)
Policies that can cause more harm than good
How the simple "supply anddemand" model easily explains the price of everything
The effects of taxation on society
Decipher consumer behavior
Use the model of supply and demand
Identify factors that lead to inflation
Understand fiscal and monetary policies
About the Author
More About the AuthorsDiscover books, learn about writers, read author blogs, and more.
Top Customer Reviews
Although a business management degree required me to take several courses in economics over 20 years ago, I was well aware then that the subject matter was far more complex and deep than any of the overview courses I took. Needless to say, only the most basic economic principles have stuck with me over the years. Fast forward to today, with the economy being such an important issue in our lives, and ECONOMICS FOR DUMMIES seemed logical as both a refresher course and a reference. While I thought the presentation of economic s was as good as any of the "for Dummies" books, I quickly understood the reason I never retained the old college course material in the first place ... the subject matter is simply tedious. Face it, economics is a specialized and involved field of study that requires an attention span of more than a passing interest. In other words, economics is not for dummies at all.
What I like about ECONOMICS FOR DUMMIES is the standard "Dummies" format with the icons in the margins that allows the reader to distinguish what material is important to remember from the material that is superfluous. There are plenty of real-life scenarios presented to further illustrate the various economic concepts. What gets complicated is that the foundation of basic principles is compounded by so many intervening variables that the material may quickly overwhelm a reader.Read more ›
Sean Flynn, Economics For Dummies (Wiley, 2011)
Tom Gorman, The Complete Idiot's Guide to Economics (Penguin, 2003)
Steve Slavin, Economics: A Self-Teaching Guide (Wiley, 1999)
People often ask me what to read to learn the type of basic economic theory that is taught in university graduate and undergraduate courses. This is somewhat difficult because most writers for the general public have some sort of political axe to grind and present a one-sided version of the theory, or a complete alternative to the theory. I have nothing against such writers, but I will always suggest that readers also/instead of/before reading these political pleadings, find out what the general "received wisdom" is.
It may seem that there is no "received wisdom" that is shared by most economists, but this is not the case. Except in the area of macroeconomic policy, there are few disagreements. In the macroeconomic area, the standard models are pretty awful, but economic policy types have deeper problems: general models can show you the general direction of effects, but when there are offsetting directions, only quantitative evidence can supply a credible answer. For instance, increasing government expenditure to lower the unemployment rate may be offset by the effects of government debt on interest, inflation, and growth rates. Only careful attention to details can determine the net effect of the policy, and even this is subject to significant error. However, you cannot even begin to assess economic policy seriously unless you know basic economic theory.
The books reviewed here are basic starting points for gaining a facility in economic theory.Read more ›
My verdict? Certainly this book takes you back to school and requires some dedication to obtaining its concepts. I was expecting more of a high level approach but found that it's significantly detailed in concepts with charts, graphs, and formulae. It's not a casual read and I will admit to skipping to topics of interest to prevent being overwhelmed by topics i didn't have relative references to. I find now that I use it as a reference to topics to better understand what I run into. QE2 is no longer a ship to me.
i did like the end of the book in which the author covered the bubble and financial crisis. He does so without coloring it with politics and evenly details aspects that impacted the crisis. It's no longer effective to just demonize Wall Street, Main Street or the Government. All three's impacts were reviewed in a way that helps understand without pushing a bias. Good book, I'd recommend it. If your ego won't let you carry a dummies' book, get the Kindle version :)
Most Recent Customer Reviews
Thank you for making me look up this book, perhaps you should read it some time Bernie?Published 23 days ago by Bubbles
Easy to read and quite complete treatment of economics. One to keep on hand.Published 27 days ago by R. Heller
Useful as a review because I had a difficult time understanding my economics professor and the textbook that he used for class. This was a useful addition for learning.Published 1 month ago by Abby
Awesome book for understanding the complexities of economics! Granted, it won't turn you into an economic guru, but you will no longer be befuddled and left in the dust listening... Read morePublished 2 months ago by Pissed off crackerjack
Excellent source of education. I wasn't disappointed. I encourage anyone with no background in economics to read this book.Published 2 months ago by Manuel DeJesus
I got this for some self-education. I didn't feel like paying hundreds of dollars for a basic understanding of a concept I'm not familiar with. Read morePublished 4 months ago by flamingo
This is a relativley easy to read intro to the field of economics writter with humor and concrete examples. Thank you.Published 5 months ago by Conrad Spirrison