Economics Made Easy, the author describes, to keep David SH Ng economic concepts step by step jargon to a minimum. This book is in a format easy to read and not presented too hard for beginners. It covers the basic concepts of the economy in a simple and direct. David is the economy in a simple language for easy reading and understanding of students. The scope of the book is small, so it is easy to transport. TheCover mounted and is suitable for introductory courses in general business and for those who are interested in business.
The book consists of six parts in two sections ? 4 shares in the shares of both micro and macro economics in the section. The introduction defines the economy's factors of production, and emphasizes the basis of the topic in short supply. There are major problems in the economy and explains how different economic systems in the worldto solve their basic economic problems. The author uses a simple diagram to illustrate the production possibilities curve.
In Chapters 2 to 4, the author discusses the demand, supply, pricing, elasticity, and government data tables with simple, clear graphics and examples. The author uses to explain the standard tools of mathematics to the elasticity of utility theory in Chapter 3 and Chapter 5 and 6. Chapters 7-8 relate to the learners in a comparative study of short-term andlong-term costs. The author examines the various environments in which businesses operate is up in the real world in Chapters 9 12 Chapter 13 will determine the readers some ideas on the labor market and how to get the optimal factor. In these chapters, the author uses data tables, charts and examples of costs, revenues, profit-maximizing output and input to illustrate.
In the macroeconomics section, Chapter 14-16 deal with national income. The author uses simple diagrams and flow chartmathematical equations to balance income and developing understanding of the reader to explain concepts. The author presents the chapters on money, banking, fiscal policy, monetary policy, unemployment and inflation in an easily understandable and well-organized. These chapters cover the main contents of the Macroeconomics and each chapter is broken into a structured and orderly. The author uses an integrated approach and the combination of content makes the reading more interesting. ForThus, the repetition of the arguments has included in its banking system, monetary policy and reduce inflation. It uses an integrated approach in the seventh chapter, which shows the difference between accounting profit and economic profit. Integrating the study of economics and accounting makes the lessons more motivating during the learning process.
In chapter fifteen, the students are asked to obtain the consumption function, draw a diagram of the equilibrium income, calculate the size of the multiplierand compare the properties of a recession with a boom. The combination of these skills will help students understand the economy in relation to real situations. For example, if students can understand the determinants of consumption, then he or she can also understand the fluctuations of national income increases.
International trade has been discussed in Chapter 22 from. Some illustrations and worked examples are provided comparative advantage analysis. Informative and wellthis book presents over 160 pages in all, a good book. One of my favorite things about this book is the author's ability to tell the reader what is going on the subject at all and present it in an easily understandable way to engage the attention of the reader. In summary, I think this book is suitable for beginning college students taking courses in business and those in the economy as in the real world we live in a world where economic interests.
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