The Complete Idiot's Guide to Economics
by Gorman, MBA, TomFormat: Paperback
Pub. Date: 2003-07-01
Publisher(s): DK Publishing, Inc.
Other versions by this Author
-
This Item Qualifies for Free Shipping!*
*Excludes marketplace orders.
List Price: $19.90
Rent Book
Select for Price
New Book
We're Sorry
Sold Out
Used Book
We're Sorry
Sold Out
eBook
We're Sorry
Not Available
How Marketplace Works:
- This item is offered by an independent seller and not shipped from our warehouse
- Item details like edition and cover design may differ from our description; see seller's comments before ordering.
- Sellers much confirm and ship within two business days; otherwise, the order will be cancelled and refunded.
- Marketplace purchases cannot be returned to eCampus.com. Contact the seller directly for inquiries; if no response within two days, contact customer service.
- Additional shipping costs apply to Marketplace purchases. Review shipping costs at checkout.
Summary
You're no idiot, of course. You know expansion is good and recession is bad. But what forces lead to one or the other? It's not always easy to grip on the various influencing factors, let alone the many theories on how they work. Don't lapse into depression! The Complete Idiot's Guide to Economics will show you exaclty how the markets function and how we as consumers contribute to a healthy economy.
Author Biography
Tom Gorman is author of The Complete Idiot's Guide to MBA Basics He holds an MBA from NYU and is former director of editorial services at DRI/McGraw-Hill, the world's largest and oldest economic forecasting and consulting firm.
Table of Contents
| The Big Picture | p. 1 |
| Who Gets What, and How? | p. 3 |
| What Is Economics and Who Cares? | p. 4 |
| Will That Be Large or Small? | p. 5 |
| A Firm Base | p. 7 |
| Getting Organized: Command, Market, and Mixed Economies | p. 9 |
| Three Economists and Their Theories | p. 11 |
| The Dismal Science? | p. 14 |
| GDP and the Players Three | p. 17 |
| All Together Now: C + I + G | p. 18 |
| GDP Is "The Economy" | p. 19 |
| Consumers: Buyers, Buyers Everywhere | p. 20 |
| Investment: Business Buys as Well as Sells | p. 24 |
| Government: He's Your Uncle, Not Your Dad | p. 27 |
| Imports and Exports | p. 28 |
| It All Adds Up | p. 29 |
| The Economist's Toolbox | p. 31 |
| Numbers Please: Economic Data | p. 32 |
| Watch Out! | p. 43 |
| Supply, Demand, and the Invisible Hand | p. 47 |
| Demand: Wants, Needs, and Red Meat | p. 48 |
| Demand Change! | p. 50 |
| Back to the Curve | p. 53 |
| Supply: You Want It, We Got It | p. 55 |
| Change Supply! | p. 56 |
| Equilibrium: Mr. Demand, Meet Mr. Supply | p. 60 |
| It's Not Just a Good Idea, It's The Law | p. 64 |
| Look at These Prices! | p. 67 |
| Let's Stretch: Elasticity of Demand | p. 68 |
| What Determines Elasticity? | p. 75 |
| Tinkering with Markets | p. 77 |
| The Price You Gotta Pay | p. 83 |
| Capitalism at Work | p. 85 |
| Buyer Be Where? Consumer Behavior | p. 87 |
| What's the Use? Demand and Utility | p. 88 |
| Milk and/or Cookies | p. 95 |
| Pluses and Minuses: Income, Outgo, and Investment | p. 103 |
| Where Income Comes From | p. 104 |
| Propensity to Save and to Consume | p. 106 |
| Spend or Save? | p. 107 |
| Meanwhile, At the National Level | p. 112 |
| The Importance of Investment | p. 114 |
| Multiplicity: How Investment Flows Through the Economy | p. 117 |
| The Business of Business | p. 119 |
| Business Realities | p. 120 |
| What's a Business Person to Do? | p. 124 |
| Why the Big Get Bigger: Returns to Scale | p. 127 |
| Monopoly and Oligopoly | p. 130 |
| Meanwhile, Out in the Marketplace | p. 134 |
| Wages, Workers, and the Workplace | p. 135 |
| Fighting Over the Pie? | p. 136 |
| The State of the Unions | p. 137 |
| Discrimination Doesn't Pay | p. 146 |
| What Works? | p. 147 |
| The Ups and Downs of the Business Cycle | p. 149 |
| What Is the Business Cycle? | p. 150 |
| The Inflation-Unemployment Tradeoff | p. 152 |
| Changes in the Cycle | p. 154 |
| Serious Depression | p. 157 |
| Booms and Bubbles | p. 159 |
| Look Out Below: Falling Prices | p. 159 |
| The Government and the Economy | p. 163 |
| To Have and Have Not: Wealth and Poverty | p. 165 |
| What Is Poverty? | p. 166 |
| Who's Got How Much? | p. 167 |
| Why Incomes Are Becoming More Unequal | p. 171 |
| What's the Government's Role? | p. 174 |
| Other Aspects of Wealth and Poverty | p. 175 |
| The Ultimate Issue: Quality of Life | p. 177 |
| Hey, Big Spender! The Federal Budget | p. 179 |
| Role of Government in a Capitalist Economy | p. 180 |
| The Government Share of the Economy | p. 182 |
| Social Security: A Case in Point | p. 188 |
| Government Agencies That Affect the Economy | p. 190 |
| Government the Enemy? | p. 193 |
| Fiscal Policy and Economic Growth | p. 195 |
| Government's Unique Situation | p. 196 |
| Of Deficits and Debt | p. 201 |
| So, Who's Right About Fiscal Policy? | p. 207 |
| Money, the Banking System, and Monetary Policy | p. 209 |
| The Colors of Money | p. 211 |
| What Is Money? | p. 212 |
| In Circulation: The Velocity of Money | p. 216 |
| Where We're Going | p. 220 |
| The Bank's Bank: The Federal Reserve and the Banking System | p. 221 |
| A Bank for All Reasons | p. 222 |
| A Bit of Background on Banking | p. 225 |
| Monetary Moves | p. 226 |
| How Money Is Created | p. 230 |
| A Money Tree? | p. 235 |
| Monetary Policy: Stepping on the Gas, Hitting the Brakes | p. 237 |
| Monetary Policy in Action | p. 238 |
| Let's Look at the Record | p. 243 |
| Fed Watching | p. 244 |
| The Global Economy | p. 247 |
| International Trade: Made in USA, Japan, Mexico, Italy ... | p. 249 |
| Exports, Imports--Why Bother? | p. 250 |
| The Argument for Free Trade | p. 252 |
| Arguments Against Free Trade | p. 253 |
| Barriers to International Trade | p. 257 |
| International Trade Agreements | p. 258 |
| Let's Trade | p. 259 |
| International Finance: Pesos, Euros, and Yen | p. 261 |
| About Foreign Exchange | p. 262 |
| Effect on Imports, Exports, and GDP | p. 265 |
| Trade Deficits: Bad or Good? | p. 269 |
| The International Monetary System | p. 271 |
| The EU and the Euro | p. 274 |
| The Dollar and the U.S. Economy | p. 275 |
| The Global Market and Developing Nations | p. 277 |
| A Three Part World? | p. 278 |
| The World's Economies | p. 278 |
| Production and Income Classifications | p. 282 |
| A Worldwide Market? | p. 285 |
| What Does the Future Hold? | p. 290 |
| Everyday Economics | p. 291 |
| It's Down! It's Up! Monitoring the Economy's Pulse | p. 293 |
| The Value of Economic News and Information | p. 294 |
| Key Economic Indicators and Their Importance | p. 294 |
| Financial Market Indicators | p. 304 |
| Economic Forecasting: Fact or Folly? | p. 307 |
| Applied Economics in Business and Personal Life | p. 309 |
| All Economics Is Local | p. 310 |
| Personal Business and Economics | p. 314 |
| Economics and Citizenship: Understanding the Issues | p. 320 |
| Appendix | |
| Resources for the Economically Inclined | p. 323 |
| Index | p. 327 |
| Table of Contents provided by Ingram. All Rights Reserved. |
An electronic version of this book is available through VitalSource.
This book is viewable on PC, Mac, iPhone, iPad, iPod Touch, and most smartphones.
By purchasing, you will be able to view this book online, as well as download it, for the chosen number of days.
Digital License
You are licensing a digital product for a set duration. Durations are set forth in the product description, with "Lifetime" typically meaning five (5) years of online access and permanent download to a supported device. All licenses are non-transferable.
More details can be found here.
A downloadable version of this book is available through the eCampus Reader or compatible Adobe readers.
Applications are available on iOS, Android, PC, Mac, and Windows Mobile platforms.
Please view the compatibility matrix prior to purchase.