(0) items

Note: Supplemental materials are not guaranteed with Rental or Used book purchases.

The Instant Economist Everything You Need to Know About How the Economy Works



Pub. Date:
List Price: $16.00

Rent Book


Buy Used Book

Usually Ships in 2-3 Business Days

Buy New Book

In Stock Usually Ships in 24 Hours


We're Sorry
Not Available

More New and Used
from Private Sellers
Starting at $3.95

Questions About This Book?

Why should I rent this book?
Renting is easy, fast, and cheap! Renting from can save you hundreds of dollars compared to the cost of new or used books each semester. At the end of the semester, simply ship the book back to us with a free UPS shipping label! No need to worry about selling it back.
How do rental returns work?
Returning books is as easy as possible. As your rental due date approaches, we will email you several courtesy reminders. When you are ready to return, you can print a free UPS shipping label from our website at any time. Then, just return the book to your UPS driver or any staffed UPS location. You can even use the same box we shipped it in!
What version or edition is this?
This is the 1st edition with a publication date of 1/31/2012.
What is included with this book?
  • The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any CDs, lab manuals, study guides, etc.
  • The Used copy of this book is not guaranteed to include any supplemental materials. Typically, only the book itself is included.
  • The Rental copy of this book is not guaranteed to include any supplemental materials. You may receive a brand new copy, but typically, only the book itself.

Related Products

  • A Merry Christmas And Other Christmas Stories
    A Merry Christmas And Other Christmas Stories
  • Christmas at Thompson Hall And Other Christmas Stories
    Christmas at Thompson Hall And Other Christmas Stories
  • The Night Before Christmas
    The Night Before Christmas
  • A Christmas Carol
    A Christmas Carol
  • Children Make Terrible Pets
    Children Make Terrible Pets
  • The Mysterious Benedict Society and the Perilous Journey
    The Mysterious Benedict Society and the Perilous Journey
  • The Mysterious Benedict Society and the Prisoner's Dilemma
    The Mysterious Benedict Society and the Prisoner's Dilemma
  • Sisters Red
    Sisters Red
  • The Drop
    The Drop
  • Beautiful Creatures
    Beautiful Creatures


The Only Economics Book You Will Ever Need. Economics isn't just about numbers: It's about politics, psychology, history, and so much more. We are all economists-when we work, save for the future, invest, pay taxes, and buy our groceries. Yet many of us feel lost when the subject arises. Award-winning professor Timothy Taylor tackles all the key questions and hot topics of both microeconomics and macroeconomics, including: * Why do budget deficits matter? * What exactly does the Federal Reserve do? * Does globalization take jobs away from American workers? * Why is health insurance so costly? The Instant Economistoffers the knowledge and sophistication to understand the issues- so you can understand and discuss economics on a personal, national, and global level.

Author Biography

Timothy Taylor is managing editor of the American Economics Association's Journal of Economic Perspectives. He won numerous teaching awards for his classes at Stanford University and was named a distinguished lecturer at the University of Minnesota. He lives in St. Paul, Minnesota.

Table of Contents

Introductionp. ix
How Economists Thinkp. 1
Division of Laborp. 7
Supply and Demandp. 12
Price Floors and Ceilingsp. 22
Elasticityp. 27
The Labor Market and Wagesp. 34
Financial Markets and Rates of Returnp. 42
Personal Investingp. 49
From Perfect Competition to Monopolyp. 58
Antitrust and Competition Policyp. 64
Regulation and Deregulationp. 71
Negative Externalities and the Environmentp. 76
Positive Externalities and Technologyp. 81
Public Goodsp. 87
Poverty and Welfare Programsp. 90
Inequalityp. 98
Imperfect Information and Insurancep. 103
Corporate and Political Governancep. 110
Macroeconomics and Gross Domestic Productp. 118
Economic Growthp. 124
Unemploymentp. 13 0
Inflationp. 136
The Balance of Tradep. 144
Aggregate Supply and Aggregate Demandp. 152
The Unemployment-Inflation Trade-offp. 157
Fiscal Policy and Budget Deficitsp. 163
Countercyclical Fiscal Policyp. 170
Budget Deficits and National Savingp. 177
Money and Bankingp. 184
The Federal Reserve and Its Powersp. 191
The Conduct of Monetary Policyp. 201
The Gains of International Tradep. 210
The Debates over Protectionismp. 217
Exchange Ratesp. 225
International Financial Crashesp. 234
A Global Economic Perspectivep. 242
Referencesp. 251
Indexp. 253
Table of Contents provided by Ingram. All Rights Reserved.

Please wait while the item is added to your cart...