Do you know David Ricardo from Adam Smith? What is the importance of Keynes and Friedman? How can a central government’s economic policy impact on your job, your wealth and your happiness? And are some things really too big to fail?
In Brilliant Economics, award winning journalist Phil Thornton introduces you to the fundamentals of economics and monetary policy. It’ll help you become more knowledgeable about economics and will give you an awareness that will help you in good times and bad.
Economics is the study of the production, distribution, and consumption of goods and services. But in real terms it affects all of us on a daily basis: what we can buy, where we can live, how our careers develop and where we can go on holiday.
Brilliant Economics is your easy-to-understand introduction to the world of economic policy, theory and how these things practically affect you. Beginning with the basics of economic thinking, the book looks at key theorists and key economic ideas. It explains how economies grow and why recessions happen. You’ll understand about unemployment and recognise the importance of inflation. Learn why buying a house may make sense and find out what the real role of governments are, and why they ask you to pay tax.
Table of Contents
- Title Page
- About the author
- 1 Economics – the business of life
- 2 The miracle of growth
- 3 Business cycles – from boom to bust and back again
- 4 Work and wages
- 5 The pain of inflation
- 6 The role of government
- 7 Interest rates, monetary policy and central banks
- 8 Money and finance
- 9 Housing and property
- 10 Trade and currencies
- 11 The future of economics
- Brilliant glossary
- Useful websites
- References and further reading
- Title: Brilliant Economics
- Release date: July 2013
- Publisher(s): Pearson International
- ISBN: 9781292003030