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

by Taylor, Timothy

• ISBN13: 9780452297524
• ISBN10: 0452297524
• eBook ISBN(s): 9781101559772
• Edition: 1st
• Format: Paperback
• Copyright: 2012-01-31
• Publisher: Plume
• More Book Details

About This Book

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

ISBN: 9780452297524

About This Book

"The Instant Economist" by Timothy Taylor is a comprehensive guide to understanding economics, making it accessible to anyone interested in how the economy works. This book is perfect for students, educators, and anyone looking to grasp the basics of microeconomics and macroeconomics without needing prior knowledge of the subject.

Who Uses It?

Primarily, this book is used by students in introductory economics courses at the college and university levels. It's also a valuable resource for anyone interested in understanding economic principles, including professionals looking to refresh their knowledge or expand their understanding of economic concepts.

History and Editions

The book was first published on January 31, 2012, by Plume. It has been widely praised for its clear and non-mathematical approach to explaining complex economic concepts. The book is designed to break down macro- and microeconomics into bite-sized chapters, using examples and stories instead of formulas and equations.

Author and Other Works

Timothy Taylor is the managing editor of the Journal of Economic Perspectives. He is known for his ability to explain complex economic ideas in a straightforward and engaging manner. This book is part of a series that includes other popular titles like "Freakonomics," "The Undercover Economist," and "Naked Economics."

Key Features

• Accessible Approach: The book requires no prior knowledge of economics and is clearly written.
• Humorous Tone: Taylor adds a good dose of humor to make the subject more enjoyable.
• Broad Coverage: The book covers key topics such as why budget deficits matter, what the Federal Reserve does, and how globalization affects jobs.
• Real-World Examples: It uses real-world examples to illustrate economic concepts, making them easier to understand.

Detailed Information

ISBNs and Formats

• Paperback: ISBN-13: 9780452297524
• Other Editions:
• ISBN-13: 9781101559772 (hardcover)

Publication Details

• Publisher: Plume
• Publication Date: January 31, 2012
• Number of Pages: 272 pages
• Language: English
• Dimensions: 5-5/16 x 8 inches

Other Editions and Formats

While there are no other specific formats listed for this book, it is available in paperback and hardcover editions. The hardcover edition has a different ISBN but is essentially the same content.

Related ISBNs

• Hardcover Edition: ISBN-13: 9781101559772

This detailed information section provides a quick reference for all the available formats and sources for "The Instant Economist," making it easier to find and access the book in the preferred format.

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

Introduction	p. ix
How Economists Think	p. 1
Division of Labor	p. 7
Supply and Demand	p. 12
Price Floors and Ceilings	p. 22
Elasticity	p. 27
The Labor Market and Wages	p. 34
Financial Markets and Rates of Return	p. 42
Personal Investing	p. 49
From Perfect Competition to Monopoly	p. 58
Antitrust and Competition Policy	p. 64
Regulation and Deregulation	p. 71
Negative Externalities and the Environment	p. 76
Positive Externalities and Technology	p. 81
Public Goods	p. 87
Poverty and Welfare Programs	p. 90
Inequality	p. 98
Imperfect Information and Insurance	p. 103
Corporate and Political Governance	p. 110
Macroeconomics and Gross Domestic Product	p. 118
Economic Growth	p. 124
Unemployment	p. 13 0
Inflation	p. 136
The Balance of Trade	p. 144
Aggregate Supply and Aggregate Demand	p. 152
The Unemployment-Inflation Trade-off	p. 157
Fiscal Policy and Budget Deficits	p. 163
Countercyclical Fiscal Policy	p. 170
Budget Deficits and National Saving	p. 177
Money and Banking	p. 184
The Federal Reserve and Its Powers	p. 191
The Conduct of Monetary Policy	p. 201
The Gains of International Trade	p. 210
The Debates over Protectionism	p. 217
Exchange Rates	p. 225
International Financial Crashes	p. 234
A Global Economic Perspective	p. 242
References	p. 251
Index	p. 253
Table of Contents provided by Ingram. All Rights Reserved.