Economics For Dummies, 3rd Edition

Front Cover
John Wiley & Sons, May 8, 2018 - Business & Economics - 432 pages
  • Find FREE quizzes for every chapter online
  • Learn about good markets, bad monopolies, and inflation
  • Decode budget deficits and trade gains

Understand the science of wealth and prosperity

This book gives you everything you need to understand our rapidly evolving economy—as well as the economic fundamentals that never change. What's the best way to fight poverty? How can governments spur employment and wage growth? What can be done to protect endangered species and the environment? This book explains the answers to those questions—and many more—in plain English.

Inside…

  • Get the fascinating scoop on behavioral economics
  • Understand the model of supply and demand
  • See how governments use monetary and fiscal policy to fight recessions
  • Discover game theory and the secrets of cooperation
 

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Contents

Introduction 1
3
Cookies or Ice Cream? Exploring Consumer Choices
21
Microeconomics The Science of Consumer
55
Introducing Homo Economicus the UtilityMaximizing Consumer
83
The Core of Capitalism The ProfitMaximizing Firm
101
Pulling the Plug When Producing Nothing Is Your Best Bet
121
Why Economists Love Free Markets and Competition
127
Monopolies Bad Behavior without Competition
151
Health Economics and Healthcare Finance
221
Behavioral Economics Investigating Irrationality
237
Macroeconomics The Science
255
Inflation Frustration Why More Money Isnt Always Good
277
Understanding Why Recessions Happen
297
Fighting Recessions with Monetary and Fiscal Policy
325
Grasping Origins and Effects of Financial Crises
353
Looking at Recovery
360

Comparing Monopolies with Competitive Firms
161
Oligopoly and Monopolistic Competition Middle Grounds
173
Regulating Oligopolies
183
Applying the Theories of Microeconomics
191
Asymmetric Information and Public Goods
205
Ten Economic Ideas to Hold Dear
371
Glossary
383
Economics For Dummies
384
INDEX
389
Copyright

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About the author (2018)

Sean Flynn, PhD, is an associate professor of economics at Scripps College in Claremont, California. A specialist in behavioral economics, Dr. Flynn has provided economic commentary for numerous news outlets, including NPR, ABC, FOX Business, and Forbes.

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