101 Things Everyone Should Know About Economics: From Securities and Derivatives to Interest Rates and Hedge Funds, the Basics of Economics and What They Mean for You

101 Things Everyone Should Know About Economics: From Securities and Derivatives to Interest Rates and Hedge Funds, the Basics of Economics and What They Mean for You

Language: English

Pages: 256

ISBN: 1440572712

Format: PDF / Kindle (mobi) / ePub

Economics, demystified!

From the collapse of housing prices to the thousand-point drops in the stock market, the past five years have been full of economic crises. These changes not only affect the overall market--they can also drastically influence your personal finances and day-to-day life. In this easy-to-understand guide, Peter Sander explains how the financial system works, as well as the most important concepts, terms, and programs in economics. Using simple language, he details how the evolving climate will affect world economies--and what kind of shifts you are going to see in your finances as a result.

In this updated edition, Sander also includes valuable information on:

  • The housing market and what it may do in the future
  • The impact of Obamacare on the economy
  • The scope of the Great Recession and how the U.S. is still struggling to recover
  • How to take advantage of the economy as it begins to rise again

An essential guide, 101 Things Everyone Should Know about Economics, 2nd Edition helps you fully understand today's economy and shows you how to secure your financial future even as the market changes.



















and your future; you seek what you should know and why you should know it. This edition in particular is dedicated to making sense of the dismal years of the Great Recession, to learning its lessons, and to doing well for yourself and your family regardless of the current economic climate. Contents INTRODUCTION CHAPTER 1: The Basics CHAPTER 2: Economy and Economic Cycles 1. INCOME 2. CONSUMPTION 3. SAVING AND INVESTMENT 4. GROSS DOMESTIC PRODUCT (GDP) 5. UNEMPLOYMENT AND UNEMPLOYMENT

debt, and starts business over with a clean slate toward another boom. Through increased spending and lowered interest rates, government policy helps the process along. Business cycles bring new things and clean old, obsolete businesses off the economic floor. As William Poole, former Federal Reserve Bank of St. Louis chairman, eloquently put it: “The world we live in is uncertain and cyclical because the U.S. economy is dynamic, inventive, experimental, and entrepreneurial. Some ideas are

bridge the gap until you find this cheaper option. The HIPAA act, in practice, has been more about the rules of privacy and transfer of medical records and information. But one of the key provisions allowed employees to transfer from one job to another without requalifying for insurance; that is, a preexisting condition was not to be grounds for denying insurance at the new employer. There are some wrinkles if an employee moves to a new state where the old insurer doesn’t do business, but in

company may hold an initial public offering (IPO) and issue stock shares on the open market. After the company registers with the SEC, it becomes a public company. Productivity. A measure of efficiency. It’s often expressed as the ratio of units to labor hours (a company produces two thousand pairs of shoes per hour, for example). Productivity is one element that’s factored into studies of economic growth. In general, industries try to increase productivity through technological innovation and

nations to “dump” goods on another country’s market at prices below cost or below prices charged in the home market.) The recent “Uruguay Round” commenced in 1986 and was the largest to date, lasting eighty-seven months, including 123 countries, creating the WTO as an organizational framework, and creating new rules around intellectual property, among other accomplishments. The “Doha Round,” which has been in progress since 2001, is expanding beyond traditional trade issues to cover environmental

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