Title:
The instant economist : everything you need to know about how the economy works / Timothy Taylor.
Author:
Taylor, Timothy, 1960-
Publication Information:
New York : Plume, ©2012.
Call Number:
HB171 .T36 2012
Abstract:
Regardless of their level of education, most people wish they understood economics better. An award-winning professor translates the subject's complicated principles into easy-to-understand language, tackling all the key questions and hot topics of microeconomics and macroeconomics.
Economics isn't just about numbers: It's about politics, psychology, history, and so much more. We are all economists--when we work, save for the future, invest, pay taxes, and buy our groceries. Yet many of us feel lost when the subject arises. Award-winning professor Timothy Taylor tackles all the key questions and hot topics of both microeconomics and macroeconomics, including: why do budget deficits matter? What exactly does the Federal Reserve do? Does globalization take jobs away from American workers? Why is health insurance so costly? The Instant Economist offers the knowledge and sophistication to understand the issues--so you can comprehend and discuss economics on a personal, national, and global level.
ISBN:
9780452297524
Physical Description:
x, 260 pages : illustrations ; 21 cm.
General Note:
"A Plume book."
"The great courses"--Cover.
Subject Term:
Contents:
How economists think -- Division of labor -- Supply and demand -- Price floors and ceilings -- Elasticity -- The labor market and wages -- Financial markets and rates of return -- Personal investing -- From perfect competition to monopoly -- Antitrust and competition policy -- Regulation and deregulation -- Negative externalities and the environment -- Positive externalities and technology -- Public goods -- Poverty and welfare programs -- Inequality -- Imperfect information and insurance -- Corporate and political governance -- Macroeconomics and gross domestic product -- Economic growth -- Unemployment -- Inflation -- The balance of trade -- Aggregate supply and aggregate demand -- The unemployment-inflation trade-off -- Fiscal policy and budget deficits -- Countercyclical fiscal policy -- Budget deficits and national saving -- Money and banking -- The Federal Reserve and its powers -- The conduct of monetary policy -- The gains of international trade -- The debates over protectionism -- Exchange rates -- International financial crashes -- A global economic perspective.
Personal Author:
Subject:
