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Title: Guide to Economic Indicators: Making Sense of Economics, Fifth Edition (The Economist Series) by Economist, The Economist ISBN: 1-57660-145-5 Publisher: Bloomberg Pr Pub. Date: April, 2003 Format: Hardcover Volumes: 1 List Price(USD): $27.50 |
Average Customer Rating: 4.33 (3 reviews)
Rating: 5
Summary: If only economics were that easy
Comment: True to the style of The Economist, this book makes everything seem easier than it really is. However, for people who spend too much time thinking about economic issues, this is actually rather refreshing, much like a cold beer after a long day's work.
Some examples: "In the long term, the growth in economic output depends on the number of people working and output per worker (productivity)" (Page 41); Or "In general, the more optimistic consumers are, the more likely they are to spend money. This boosts consumer spending and economic output" (Page 93)...
...One begins to yearn for the days where economics was more of an explanatory and less a mathematical science.
The guide is divided into a number of chapters discussing issues and examples related to
- How economic activity is calculated, and what the main indicators GDP/GNP/NNI capture and do not capture, as well as what changes in these indicators or their components mean.
- Employment indicators such as employment by sector or the unemployment rate
- Balance of payments and fiscal indicators, such as tax revenue or budget deficit
- Consumer indicators, such as disposable income or consumer confidence and their significance
- Investment and savings indicators, such as investment intentions or sales/inventory ratios
- Business indicators, including business conditions, auto sales, construction orders and other common stats
- Exchange rates and financial market indicators, such as interest rates and money supply.
- Prices and wages, like the effect of oil price changes, among others
Coverage of the most common and widely available indicators is fairly comprehensive. Given the simplicity of the book, it is better to have a certain level of economic knowledge and opinion to be able to put the content in context. Not much different to reading The Economist, really.
Rating: 4
Summary: A good reference guide for understanding economic indicators
Comment: The book itself will be of great use for those analysts who evaluate country risk analysis. Economic indicators sometimes tend to be hard to understand, but this guide makes them easy to comprehend and relate to each other.
Rating: 4
Summary: A good purchase
Comment: As the title says, this book can help you make sense of economic indicators. The more you know, the easier it is for you to understand the economical aspects of society, and this seemed to add a lot more to my knowledge, and it clarified other thoughts.
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Title: Guide to Financial Markets, Third Edition (The Economist Series) by Marc Levinson ISBN: 1576601420 Publisher: Bloomberg Pr Pub. Date: April, 2003 List Price(USD): $27.50 |
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Title: Guide to Analysing Companies, Third Edition by Bob Vause ISBN: 1861973918 Publisher: Economists Books Pub. Date: February, 2002 List Price(USD): $27.50 |
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Title: The Atlas of Economic Indicators : Visual Guide to Market Force, A by W. Stansbury Carnes ISBN: 0887305377 Publisher: HarperBusiness Pub. Date: 17 June, 1992 List Price(USD): $17.95 |
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Title: Numbers Guide : The Essentials of Business Numeracy by The Economist ISBN: 0471249548 Publisher: John Wiley & Sons Pub. Date: 22 May, 1998 List Price(USD): $24.95 |
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Title: Numbers Guide: The Essentials of Business Numeracy, Fifth Edition (The Economist Series) by Richard Stutely ISBN: 1576601447 Publisher: Bloomberg Pr Pub. Date: April, 2003 List Price(USD): $27.50 |
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