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This brief and inexpensive paperback examines 35+ economic statistics such as GDP, inflation, unemployment, interest rates, consumer confidence, etc., from public and private sources such as the Bureaus of Economic Analysis, Labor Statistics, Census, and The Conference Board. It assumes no prior knowledge of economics and is fully updated.
The 7th edition Guide to Everyday Economic Statistics is a handy little guide that can be consulted for clarification whenever any of the statistical series dealt with are encountered. The authors examine how different series are constructed and how we may use them effectively. This guide puts statistics in context, so the reader can see how an individual statistic relates to the larger picture. Because of this, students won't have to read the book consecutively from beginning to end.
This brief paperback is perfect for anyone who wants a quick introduction to microeconomic principles as well as a concise overview of American economic history and current social and economic issues. The authors explain both "the economic way of thinking" -- the common threads, such as the power of choice, that tie our many disparate views together -- and why the economist's way of looking at things is so important today.
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Most economics is a top-down analysis that simplifies and reduces the huge varieties among individuals to a predictable range of characteristics that lend themselves to systematic analysis. This book eschews this conventional perspective, which sees national economies as simply agglomerations of the activities of millions of people, and instead explores the role played by the individual in the economy, in particular, how the individual experiences the economy. In so doing, the book is able to illuminate the economic landscape for the nontechnical reader in a much more engaging and accessible way than conventional textbooks. By placing the individual front and center in its analysis, the book is able to demonstrate how the things we experience, need, and consume fit into the fast-changing and interdependent global economic setting. It shows the role of government, markets, and welfare in shaping our lives, and builds on the latest economic research and data to provide an overview of the workings of the economy that takes as its starting point the interface between the individual and the system overall.
Examining 35 series of economic statistics, this volume covers a variety of topics, including: using and abusing statistics; total output, production and growth; investment and capital expenditures; employment, earnings and profits; and labour statistics.