Real World Economics: Set 5

Readers examine some of the most fundamental and relevant economic phenomena, processes, practices, and institutions in terms easily comprehensible to high school readers at any level in this explicating volume. Dispelling any sense of theoretical mystery or intimidating conceptual abstraction, these books clearly demonstrate that economics is a subject rich in history, colorful personalities, dynamic action and reaction, high stakes risks and rewards, global power plays, and kitchen table relevance to ordinary working families. These six titles support how economics is both high-flying wheeling and dealing and the most basic stuff of everyday life. The texts display this point beautifully, revealing how economics underlies and animates every strata of society, including international governing councils, family budgets, spending, and credit. Each book offers an understandable, yet descriptive, narrative "diagram" of exactly how these economic phenomena processes, mechanisms, and activities work, what the causes are, what the effects are, what mechanisms trigger the causes, and how the process can be halted, reversed, or mitigated. Narrative examinations of actual historical examples help readers draw point-by-point connections between abstract principles and real-world events. This series is important not only as a means of coming to terms with our bewildering, unsettled, and deeply unsettling global economic situation, but also as an introduction to economic theory and practice. The books provide a sound, fundamental grounding in both theoretical and applied economics, macro and micro, which will serve young readers well as they enter the adult world and begin both to participate in the global economy and set up and maintain their individual household economies. As such, this series provides an invaluable service to young people, arming them with valuable economic knowledge in a world increasingly paying the price for its economic illiteracy.