- Paperback: 384 pages
- Publisher: For Dummies; 1 edition (April 8, 2005)
- Language: English
- ISBN-10: 0764557262
- ISBN-13: 978-0764557262
- Product Dimensions: 7.4 x 0.8 x 9.2 inches
- Shipping Weight: 1.2 pounds
- Average Customer Review: 53 customer reviews
- Amazon Best Sellers Rank: #457,853 in Books (See Top 100 in Books)
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Economics For Dummies 1st Edition
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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
Sean Flynn 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.
Top customer reviews
Anyway, I studied for about a week and half using this book and 3 other resources and scored a 55 on the Macro test. I studied way less for Micro, probably about 15 hours over 9 days and scored a 60 on that one (I thought Micro was much easier). FYI there are some great economics videos on ItunesU by Jeff Caldwell from Rose State College that were wonderful...I didn't find out about them until I was studying for Micro but they're short, easy to understand, & FREE!! Again, I thought this book covered all the major eocnomics areas, explained them in lay terms, it was funny, the book is an easy read and keeps your attention. I highly recommend it as a supplement for studying for economics CLEPs (always use more than one resource though!) or for anyone taking an economics class who is having trouble this will definately help you make it through!!
I confess that I was so impressed with the explanations and examples offered in this book that for a while I mulled over having our school switch from our current texts (Mankiw's "Principles of Macroeconomics" and Samuelson's "Economics") to this one.
But I soon thought better of it: the department would probably acquire a bad name in a big hurry if students were seen walking about with copies of a "Dummies" text under their arms as their official course text. And that would be bad for me.
But that's how good it is. Too bad I'm so self-interested! Now the students will just have to slog through inferior texts.
Don't think you're getting a free lunch, though: there are graphs, models, and equations you're gonna have to learn to wade through it.
But in my estimation, going through a layman's course in both micro- and macroeconomics could not be made more painless than here, unless your needs are so casual that you're looking to dispense with graphs and equations altogether.
In which case, good luck learning anything solid about economics!
My only complaint was with the graphs, which were almost completely incomprehensible. This is mainly due to the 'Dummies' style of printing only in black and white. Other texts would usually use different colours to represent different lines. This may seem like nitpicking, but there is such heavy reliance on graphs in this text that if you can't understand the graph, then you are only getting half the explanation.