The financial crisis of 2007-8 and resulting global problems have dramatically demonstrated the centrality of economics to understanding the world we live in.
This Rough Guide takes you through the subject from its foundations up to the crisis. It explains all you need to know about:
* supply, demand, competition and financial markets
* inflation, growth and international trade
* government fax and spending decisions and monetary policy
* how findings from psychology have influenced economic thinking
In the process, it explores how economics can shed light on topics as diverse as:
* globalization and development
* transport, climate change and poverty
* the origins of the financial crisis of 2007-8
* friendship, smoking, K-pop and nuclear war
Whether you'd like to learn about economics for work or studies, need a handy reference, or are simply interested in improving your understanding, this book gives an accessible and concise introduction to all of the main topics, with no knowledge of mathematics required