Common Sense Economics:What Everyone Shld Knw

Common Sense Economics:What Everyone Shld Knw

# 004735

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Item #: 004735
ISBN: 9781250106940
Grades: 9-AD

Product Description:

Sounds like an oxymoron doesn't it? The reality is there really is such a thing as common sense economics, especially as it relates to wealth and prosperity. Laying a solid foundation for beginning economists and helping advanced students/adults see the bigger picture of the impact of economic policy changes, this book seeks to alleviate economic illiteracy through key principles that equip us to make wise personal and policy choices. In Part 1, readers will explore the twelve key elements of economics. In this section, you will learn the true meaning of costs, why prices matter, how trade furthers prosperity and how the production of goods and services people value (and not just jobs) provides the source of high living standards. In Part 2, the seven sources of economic progress are explored with a focus on the major factors that underlie the growth process. Privately owned property, competition, limits on government regulation, efficient capital investments, monetary stability, low tax rates and free trade are covered in this section. Part 3 examines the role of government in common sense economics. Thoroughly explaining ten elements of clear thinking about economic progress and the role of government, you will quickly realize that the government does have a role in a successful economy, it may just need redefined. Part 4 concludes the economic study with twelve key elements of practical personal finance. Topics include your personal comparative advantage, entrepreneurship, budgeting, financing, savings, investments and diversifying, and teaching your children how to earn and spend money wisely. Including an extensive note section and index along with a website dedicated to the study of common sense economics, this well-organized exposition of economics will educate teens and adults with a thorough and practical understanding of economics and the impact it has on our lives. Worth noting is that the author has supplied a wealth of online resources, at the request of educators, to specifically provide a comprehensive economics course survey. HC. 227 pgs. ~Deanne

Publisher Description:

With the global economy recovering from a steep recession, and with that recovery challenging our long-held ideas about what careers and the market can be, learning the basics of economics has never been more essential. Principles such as gains from trade, the role of profit and loss, and the secondary effects of government spending, taxes, and borrowing risk continue to be critically important to the way America's economy functions, and critically important to understand for those hoping to further their professional lives - even their personal lives.Common Sense Economicsdiscusses key points and theories, using them to show how any reader can make wiser personal choices and form more informed positions on policy.

Now in its third edition, this fully updated classic from James D. Gwartney, Richard L. Stroup, Dwight R. Lee, and Tawni H. Ferrarini reflects on the recession and the progress that's been made since the crash; it offers insight into political processes and the many ways in which economics informs policy, illuminating our world and what might be done to make it better.

Primary Subject
History/Geography
Grade Start
9
Grade End
AD
ISBN
9781250106940
Author
Richard Stroup, James D. Gwart
Format
Hardcover
Brand Name
St. Martin's Press
Weight
0.8 (lbs.)
Dimensions
8.5" x 5.75" x 0.94"
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Excellent Book!
I am using this book with an Economics course that I am teaching at a co-op. It does a great job of telling the key elements of economics and would be a great book for anyone to read. The authors also have a web site with helps for teachers and resources for class. I would encourage anyone to read it,
January 19, 2018
Purchased
1 year ago

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