Untangle the jargon and understand how you're involved in everyday economics If you want to get to grips with the basics of economics and understand a subject that affects British citizens on a daily basis, then look no further than Economics For Dummies. This easy to understand guide takes you through the world of economics from understanding micro- and macroeconomics to demystifying complex topics such as capitalism and recession.

This updated edition walks you through the history, principles and theories of economics as well as breaking down all the complicated terminology, leaving you clued up on economics in no time.



Getting to grips – explore the science of economics and how people deal with scarcity


Keeping an eye on it – learn all about macroeconomics and how economists keep track of everything


Watch patterns emerge – understand why monitoring consumer behaviour is vital and all you need to know about microeconomics


Your recession guide – expert advice on recessions and a detailed look at why they occur



Open the book and find:



Why you should care about economics and how it affects you


Tools to help you understand a recession


A guide to seductive economic fallacies


All you need to know on monetary and fiscal policies


How supply and demand can be made easy


Why it's vital to track consumer choices


An in-depth look at a profit-maximising firm and the core of capitalism


Guidance on property rights and wrongs



Learn to:



Look through economic history and spot the trends


Understand micro- and macroeconomics


Get to grips with consumer behaviour and its influence on the economy


Spot the signs of a recession and see how economic decisions affect you