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1 online resource (1 online resource (320 pages))
Interpret the future of the economy with this ""crash course"" resource Economics may be known in some circles as the ""dismal science, "" but that doesn't mean those interested in economics should have a dismal outlook. By adopting an approach to economics that accounts for the past, present, and the future, individuals can gain a greater sense of the whole story behind today's global economy. Big Picture Economics provides a roadmap for this new system, and is a crash course in economics that empowers readers to deepen their perspectives, fully understand the state of the econ.
Big Picture Economics: How to Navigate the New Global Economy; Copyright; Contents; Preface; Acknowledgments; Chapter 1: Introduction to the Economics of Context; Adapting to the Economy-View from the Cab of a Truck; Bottom of the Recession; What the Business Cycle Meant to the Business; The Service Sector-The Enchilada Stops Here; The Cash Register Stops Singing; Celebrate for 15 Minutes; What Does Economics Teach Us about Context?; Economic Theory and Fiscal and Monetary Policy; Notes; Chapter 2: The Federal Reserve, Congress, and the Use of Context in Economic Policy.
Public Policy Spreads a Wide RippleThe View from the Hill; Why the Economic Forecast Matters; Economic Assumptions Matter: The Rosy Scenario; Does One Policy Fit All?; A Bank Loaded with Economists; The Importance of the Beige Book; From Beige to Blue and Green; Fed Policy; From Bubbles to Fed Meetings; The Fed Goofs; Notes; Chapter 3: We Are All Economists and Don't Know It; Context Tells Us What We Can Afford; Frugal in Arizona; The Economy Gets Worse; Public Officials as Economic Forecasters; A Mayor as Economist; Tampa's Faulty Economic Model; Changing the Economic DNA.
How an Educator Put on an Economist's HatA Fiscal Grand Canyon; Crow Solutions; The Business Owner as Economist; Greg Parker: From Fast Food to Economics; Convenience Store Economics; Things Are Bad, So Expand; Notes; Chapter 4: How a Perfect World Would Work; How We Got Here; Building the U.S. Economy: A Journey through Time; The Very Beginning: Hunting, Fishing, and Doing Your Own Thing; Evolution Phase 1: Specialization; Government: Benevolent Dictators and Other Fun Ways to Distribute Goods; We Are Not Alone!; Barter Can Only Get You So Far; Money Makes the World Go 'Round.
Money Is Not Enough (Don't We Know That!)The Banking System Made Simple; Big Brother Is Watching Over Us; The World Is Our Oyster; Chapter 5: Shopper Nation: Why We Buy or Don't Buy; What Causes the Itch to Spend?; Seniors Get the Jobs but the Pay Leaves Many Cold; "Charg-It"; Why Debt Is Good-or Bad; The Rich Worry, Too; Economic Theory of Wealth; Feeling Good? Buy a Car; Notes; Chapter 6: How Is a Can of Tuna Like a Smartphone? Yes, Context!; A Company Decides to Build Chips; The Urge to Merge Depends on Context; The Corporate Tax Conundrum.
Corporations Are People, Too, and They React AccordinglyTo Regulate or Not Regulate, That Is the Question!; Notes; Chapter 7: When to Spend, When to Cut, and When to Scratch Your Head Over the Federal Budget; Impact of Health Care on the Budget; Doubts from a Doctor; What If Lower Health Care Spending Continues?; How the Budget Interacts with the Economy; It's Not the Deficit but the Interest That Matters; Notes; Chapter 8: Tax Policy: Does Cutting Taxes Cure All Ills?; There Is No Such Thing as a Free Tax Cut; How Much Do Americans Make and What Are They Taxed?
BUSINESS & ECONOMICS / Economics / General