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If you think economics is just for theorists and has nothing to do with you, reconsider. Economics influences every aspect of our lives, from our diets to our living conditions. Understanding how broader economic factors affect your personal finances is crucial. This guide helps you see the connection between Wall Street and Main Street, and how White House policies impact your household finances. You’ll learn how government economic decisions affect your family, improve your spending choices, maximize business profits, and make smarter investments. Authored by Sean M. Flynn, PhD, Assistant Professor of Economics at Vassar College, it covers essential micro- and macroeconomic theories. You’ll grasp economic concepts and calculations encountered in news or work settings. The guide addresses how economics influences governments, international relations, business, and environmental issues. It explains how the government combats recessions and unemployment through monetary and fiscal policy, the benefits of international trade, and the law of supply and demand. You’ll also learn how the Federal Reserve manages the money supply, interest rates, and inflation, along with fundamental theories like Keynesian economics and the Laffer Curve. By simplifying complex theories and clarifying jargon, this resource can significantly enhance your understanding of economics and its impact on your personal economy.
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Economics for Dummies, Sean Masaki Flynn
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- Année de publication
- 2005
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