Economics is the study of the production, distribution, and consumption of goods and services. But in real terms it affects all of us on a daily basis: what we can buy, where we can live, how our careers develop and where we can go on holiday.
Brilliant Economics is your easy-to-understand introduction to the world of economic policy, theory and how these things practically affect you. Beginning with the basics of economic thinking, the book looks at key theorists and key economic ideas. It explains how economies grow and why recessions happen. You’ll understand about unemployment and recognise the importance of inflation. Learn why buying a house may make sense and find out what the real role of governments are, and why they ask you to pay tax.
Chapter 1: Economics – the business of life
Chapter 2: The Miracle of Growth
Chapter 3: Business Cycles – from boom to bust and back again
Chapter 4: Work and wages
Chapter 5: The pain of inflation
Chapter 6: The role of government
Chapter 7: Interest rates and monetary policy
Chapter 8: Money and finance
Chapter 9: Housing and property
Chapter 10: Trade and currencies
Chapter 11: Alternative economics theories