An easy to read an overview of economics. ‘Cracking Economics’ gives explanations of main topics with images and diagrams to bring economics to life.
The book is aimed at anyone with a general interest in economics but would like a better understanding.
Buy online – kindle edition
Economic stats, graphs and source of data My page with graphs Main ONS dataset Useful direct links Economic growth National income acc. Real GDP | % quarterly Inflation Inflation Time series CPI annual % Unemployment Labour market ILO % Current account b of p Trade C.A % GDP Budget deficit Public finances at ONS PSNB …
Readers Question: my question is whether economic instability means high and fluctuated inflation, employment and unsustainable growth or has other definition? Economic instability can take various forms. In recent years, we have witnessed a few examples of this. The main types of instability are: Inflation – The cost-push inflation of the 1970s. In extreme cases, …
Due to lack of space in the book, we have published full bibliography on this website. Bibliography Chapter 1 Is it OK to be selfish? Frank, R H (1988) Passions Within Reason: The Strategic Role of the Emotions, p. xi. New York: W W Norton & Co. Galbraith, J K (1982) “Recession economics”, The New …
A look at the pros and cons of austerity (government spending cuts). Is austerity a way to solve economic problems, or does it merely lead to a deeper recession and lower tax revenues.
Exports play an important role in the UK economy, influencing the level of economic growth, employment and the balance of payments. In the post-war period, lower transport costs, globalisation, economies of scale and reduced tariff barriers have all helped exports become a bigger share of national income. In 2011, exports of goods and services accounted …
Readers Question: Explain what is meant by a balance of payments disequilibrium? The Balance of Payments is comprised of two main components: The Current Account (trade in goods, services + transfer payments and investment incomes) The Financial Account (used to be called capital account; this is capital flows such as foreign direct investment) If the …