A Beginner's Guide to the World Economy : Eighty-One Basic Economic Concepts That Will Change the Way You See the World
Author: Randy Charles Epping
List Price: $12.00
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ISBN: 0375725792
Publisher: Vintage (01 May, 2001)
Sales Rank: 25,329
Average Customer Rating: 4.33 out of 5
Customer Reviews
Rating: 5 out of 5
A book for beginners that beginners can understand!
As I am taking my first class ever on Economics, which is focused on Microeconomics, this book comes in handy as a reference book where I can find a down-to-earth discussion of basic concepts that relate to Macroeconomics. It pretty much did for me in Economics what "The Wall Street Journal Guide to Understanding Money & Investing" did for investing. It is broken down in a chapter-like fashion, much in the style of the dummies guides and written in layman's tems by Mr. Epping, an American who holds a degree in International Finance from Yale, who has held management positions all over Europe and who is fluent in six languages.
Rating: 5 out of 5
Easy to understand economics
I used this book with my children preparing for a debate on foreign trade. Easy to understand. Broken down nicely to find just the information you are looking for. Highly recommended!
Rating: 3 out of 5
Great for liberal Arts folks to learn about econ/finance!
A Beginners's Guide to the World Economy is a good introduction into financial and economic terms. The book is segmented into 81 basic economic concepts, which the authors state, "will change the way you see the world." I believe their phrase is definitely hyperbole because I didn't find any "earth shattering" commentary. The book is a compilation of information/tidbits you would learn in economics, finance and international finance/business classes. The concepts, in many cases, are common sense and the average person, who has no formal education in the subject, probably would know 10-15 of them minimum.
If you don't know anything about finance or economics it might be worth a good read over 7-8 nights, covering 10-15 subjects a night. The book is easy reading but I wouldn't recommend it to anyone with a business or finance degree wanting to see if this is a "refresher" book because it is very light but a great introduction to economics/finance for those with liberal arts backgrounds. If any liberal arts folks seek a bible of finance it is called "Valuation" and is a mckinsey book. It is used in just about every top MBA program. Tough stuff but if you want to learn about financial analysis and crunching #'s that is the book to get.
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