The Complete Idiot's Guide to Economics

by Tom Gorman

Book Overview

Dollars and sense. For both general readers and students, The Complete Idiot's Guide(r) to Economics, Second Edition clearly explains macroeconomics and microeconomics, covering the dynamics of the... This description may be from another edition of this product.

• Format: Paperback
• Language: English
• ISBN: 0028644921
• ISBN13: 9780028644929
• Release Date: July 2003
• Publisher: Alpha Books
• Length: 352 Pages
• Weight: 1.35 lbs.
• Dimensions: 0.8" x 7.4" x 9.0"

Customer Reviews

Nice

The examples given in book is digestable unlike my economics lesson whihch is quite dry in content.

The complete Iiot;'s guide to Economics

I read the complete Idiot's guide to Economics. This book was worth every penny. It is packed with information that the average reader can interpert. It is almost a translator, translating the confusing information of economics. This guide has a very good chapter structure. It has an intro of what your about to be reading, and helpful facts on the side of the page. I recommend this book to ages 14 and up and for anyone who needs a great book about economics.

Useful for a comprehensive insight

If you are the type of person who took a few economics course and did all those "math tests" and couldn't remember if the equations s/he solved were for demand or supply curve, then this is the perfect book for you! It gives you a great and comprehensive view of how economics (micro and macro) works, how different concepts are related and affect each other, and how everything adds up. You don't see formulations (There are a few curves that you could turn into equations if you like to!).

4.5 stars. Gave 5 to increase the review average =P

I just finished reading The Complete Idiot's Guide To Economics by Tom Gorman and I cannot highly recommend it enough. It is an excellent book, especially for people (like me) who hadn't a clue or were ignorant of the subject. It is so important to understand how the economy works to make better investment decisions and business analysis & considerations. Things like fiscal policy, monetary policy, inflation, interest rates and Interest Rates Securities, supply and demand, the business cycle, marginal utility, free trade and globalisation, exports/imports, the relationship between business, employers and employees, employment, unemployment and the workforce, the social and economic factors of business and economics, budgets, deficits, assets & liabilities, business resource planning, consumer & producer psychology, with all the above, draw knowledge from lessons learnt in our economic history with provided factual "The Real World" examples and "Econo tips" captions, and charts to illustrate basic concepts on marginal differences, supply & demand and phase changes/shifts, income/price elasticity. Pay attention to all chapters, especially the last part(s) on Part 6 - Everyday Economics Chapter 20. Monitoring the Economy's Pulse Chapter 21. Applied economics in Business and Personal Life which have the most practical use (and therefore in my opinion the most useful). This book is highschool-grade, easy to read, entertaining and informative. It will give you a good starting point in your business analysis and investment decisions and considerations. I will now start on financial statements and accounts reports analysis texts. This will give me a better understanding of fundamental business analysis (bottom up approach) and will serve me as I enter real-life business ventures and continue investing in equity markets.

Good Supplemental Guide to Classroom Texts

I bought this book as a supplemental reading to a Master's level Business Econ class. What a great choice! The format of the book allows the reader to skip around as needed and still comprehend the subject matter. This is an excellent aide for anyone struggling to understand micro or macro economics.