A Citizen's Guide to Economics

A Citizen's Guide to Economics helps readers understand the economics that affects them as they go about their daily lives - training and learning, working and earning, providing for their family, planning for the future, starting up and running a business, and being good citizens.Written in an easy-to-read, jargon-free language, A Citizen's Guide to Economics helps readers to understand and decipher what the news media and politicians are saying about the economy, more informed about what is happening in the world, and ultimately empowering them to thrive in their economic world.A Citizen's Guide to Economics by Mikel W. Cohick and James R. Richards: - Demonstrates how free trade, unfettered by intrusive government prohibitions and restrictions, is the clearest way to maximizing a society's standard of living.
- Analyzes the US economy by concentrating on inflation and unemployment rates - the two most significant macroeconomic variables.
- Explains the impact of the Federal Reserve, Congress, and the President's actions and interventions on the economy.
- Is Easy to Adopt! Homework answers, a test bank, and PowerPoint lectures are provided to all adopting instructors.
In this 3rd edition, the authors have added business decision making in oligopoly, expanded their discussion of the tools of the Federal Reserve, included the economic results of the 2017 to 2018 tax and regulatory cuts and of the government responses to the COVID-19 pandemic, and showed how the results of these responses triggered increase in inflation.