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Product Description
Macroeconomics Demystified teaches the material in a college-level course in a friendly, informal manner. While covering the whole breadth of the topic, it is not meant to be a textbook, but rather serve as a self-teach companion guide to textbooks. It does not assume any previous knowledge of macroeconomics, microeconomics, or mathematics.
Macroeconomics Demystified offers a clear presentation of concepts, applications, and examples, with the right mix of text and graphics.
From the Back Cover
Become a master of macroeconomics (without formal economics training).
Do you really understand how the business cycle, fiscal policy, and other broad-based economic concepts affect your income, investments, and bank account? Macroeconomics Demystified will make sure you do, providing you with a concise yet detailed introduction to the macroeconomic principles and policies that regularly impact your professional life and financial status.
This unique, hands-on guide uses clear graphs, succinct explanations, and practical examples--along with chapter-ending quizzes and two 60-question final exams--to help you easily grasp this vital and fascinating topic. From fundamental concepts like supply and demand to ways in which government fiscal policy can help or hurt the stock market, it provides a crystal-clear picture of classic macroeconomic concepts and principles and their often unseen influence on everyday life.
Simple enough for a beginner, yet detailed enough for a college student, Macroeconomics Demystified is your clearest and most direct route to understanding macroeconomics.
Here’s everything you need to understand:
Scarcity is a situation in which the needs and wants of an individual (or a group of individuals) for economic goods exceed the resources available to satisfy them. Read the first page
Concordance
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Customer Reviews
"Currency depreciation has an inflationary effect and may require contractionary monetary policy, which is inconsistent with a recessionary situation."
If not this may not be the book for you. It covers the basics fairly well, at least for the reader like me who is a complete novice, albeit mathematically literate. However, it most definitely does not do what it says on the cover. The pace is generally fast and furious and the language only rarely descends to the realms of the everyday.
The book has good points, the scope is sufficient for the beginner the title might attract and the tests at the end of each chapter are helpful at challenging and reinforcing understanding. I certainly understand much more about the subject than before. However, I am afraid that it was left to me to work through the explainations and remove the mystery.
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