From the Back Cover
Demystify the science of how people make choices
Learn how economics affects you and almost everything else!
In a world of limited resources, how do people maximize their happiness? That's what economics is all about, and Economics For Dummies tackles the topic in terms you can understand. This handy guide explains both macro- and microeconomics so you can comprehend the economic forces that shape our world.
Discover how to
- Decipher consumer behavior
- Use the model of supply and demand
- Recognize what causes recessions
- Identify factors that lead to inflation
- Understand fiscal and monetary policies
- Appreciate the importance of international trade
About the Author
earned his Ph.D. in Economics at the University of California, Berkeley, studying under Nobel Prize winners George Akerlof and Daniel McFadden.
He is a member of the American Economic Association, the American Finance Association, the Economic Science Association, and the Society for the Advancement of Behavioral Economics.
His research focuses on the often puzzling and seemingly irrational behavior of stock market investors, but he’s also investigated topics as wide-ranging as the factors that affect customer tipping behavior at restaurants and why you see a lot of unionized workers only in certain industries. He’s also a leading expert on closed-end mutual funds.