Economics: The User’s Guide

Chapter Overview

• Chapter 1: AudiobookHub Recommendation

• Chapter 2: Economic theory can apply in numerous areas, yet it’s best employed when studying the workings of the economy.

• Chapter 3: From medieval blacksmiths to multinationals: the capitalist economy has transformed dramatically over time.

• Chapter 4: Trade policies and boom-and-bust cycles reveal insights into how our economic system was shaped historically.

• Chapter 5: Emphasizing limited economic intervention, the Neoclassical School dominates contemporary economic thought today across disciplines.

• Chapter 6: Keynesian economists emphasize government spending during challenging economic times as crucial stabilizers.

• Chapter 7: A nation’s economic health is gauged by key measures, namely GDP and GDI figures today.

• Chapter 8: GDP growth isn’t everything; a nation must invest to maintain a robust and healthy economy overall.

• Chapter 9: When a country has more have-nots than haves, its economy isn’t healthy overall.

• Chapter 10: Using fiscal and monetary policy, a nation’s government can influence markets and behavior.

• Chapter 11: Financial products once hailed as ingenious proved toxic and contributed to triggering the financial crisis worldwide.

• Chapter 12: Corporate downsizing, technological advances, and economic crises all cause unemployment.

• Chapter 13: A company rarely decides alone, since many stakeholders possess voting power in key decisions within the firm.

• Chapter 14: International trade is growing in importance for developed and developing countries.