• Economics Terms: Financial Education Is Your Best Investment

  • Basic Principles of Business, Consumer, & Trade Economics. History and Indicators of US Economy
  • By: Thomas Herold
  • Narrated by: William Bahl
  • Length: 11 hrs and 26 mins
  • 4.9 out of 5 stars (81 ratings)

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Publisher's Summary

Essential Economics Terms You Should Know
Few things affect the day-to-day lives of everyone more than the economy. Economics is a subject everyone should know at least a little about. How your country’s economy is doing directly affects you, even though you may not be able to see it. 

Understanding the basic terms and definitions, so when the financial news comes on you won’t have to skip it because you don’t understand it. In this practical glossary, you'll learn about economics, including some of its foundational topics and concepts. 

This glossary compiles a list of over 150 most common terms you’re likely to encounter. Every economic term is explained in detail, with clear and concise article style description and practical examples.

Economics is a social science concerned with the production, distribution, and consumption of goods and services. It studies how individuals, businesses, governments, and nations make choices on allocating resources to satisfy their wants and needs.

This Practical Economics Guide Helps You Understand:

•  Microeconomics & Macroeconomics
•  Keynesian & Classical Economics
•  Business & Consumer Economics
•  Basic Economics
•  Principles of Economics
•  Trade Economics
•  Economic History

This dictionary with alphabetical order also covers schools of economic thought. Two of the most common are Classical and Keynesian. Economic indicators are reports that detail a country's economic performance in a specific area.

Make Economics Less of a Mystery
Taking time to understand the vocabulary can help you with your day-to-day life, eliminating confusion, and get better prepared for economic changes.

Get Smart with the Financial IQ Series
Please also have a look at other titles in this series. The Herold Financial IQ series covers all major areas and aspects in the financial world.

•  Personal Finance, Real Estate, and Banking
•  Corporate Finance, Investment, and Economics
•  Retirement, Trading, and Accounting
•  Debt, Bankruptcy, Mortgage, Small Business, and Wall Street
•  Financial Laws & Regulations, Acronyms, and Abbreviations

PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.

©2019 Thomas Herold (P)2019 Thomas Herold

What listeners say about Economics Terms: Financial Education Is Your Best Investment

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Great guide to have

Being a person who wants to improve your knowledge about economics, you should be very familiar with some of the most common economic terms and concepts, and this guide is exactly what you need. The book is presented in a very simple way, clear, and concise

Thomas Herold compiles over 150 economic terms that are explained in detail with practical examples. Herold is one of my favorite authors when it comes to financial education. He never failed my expectation whenever he releases a book.

Whether you want to improve your studies or out of general interest, this book is for you.

5 people found this helpful

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A wonderful guide

Absolutely above expectations. This is a wonderful guide to anyone who would like to develop their knowledge of economics!

In a nutshell, Economics is Avery wide told of discussion, with a lot of advantages. Knowing key economic terms, from supply and demand to econometrics and monetary policy, will help you understand more about the field. You will also give yourself more credibility when speaking about economic matters; and learning key terms can be a great way to study economics more broadly, and it can also help develop your skills of economic analysis.

Thomas Herold outlined this guide clearly and easy to understand with real-life examples. The examples given from daily life make the course very easy to understand and apply the concepts to my decision-making process. It is very up to date which makes it very interesting.

If you want to know more about economic terms, get this book!

5 people found this helpful

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This was a perfect start for a beginner

This was a perfect start for a beginner like me. It gives a great overview of how economics works and also takes you through the various aspects of economics. I can say that it's been a superb experience learning from this. The information is concise and in detail. Thomas structured the course very well.

4 people found this helpful

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Grab this now

Definitely informative and useful! This book will let you understand the basic terms and definitions of economics. It reveals notions about different aspects of the science I was not aware of. It was a great course that showed a detailed overview of the study of economics.

The author's enthusiasm makes it enjoyable to study economics. He gives easy and clear information about the very fundamentals of Microeconomics & Macroeconomics, Keynesian & Classical Economics, Business & Consumer Economics, Basic Economics, Principles of Economics, Trade Economics, and Economic History. He touched a lot of good pointers that I can use to tell my clients so that they will make a better decision for their businesses.

I highly recommend this book and all others created by Thomas. An excellent audiobook that was very engaging throughout. Great insights for test-taking.

4 people found this helpful

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Love it

Comprehensive study aid for anyone studying economics. Good introduction to key economic concepts and ideas having never studied economics before. It was a great guide with clear explanations. The author makes the content simple and very much understandable. makes the content really simple and very much understandable.

3 people found this helpful

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Useful guide

This guide is intended for entrepreneurs, product managers, business professionals, and students of economics who want to understand how concepts like interest rate, GDP, employment rate affects demand, and supply, among others. After listening to this guide, you will have a better understanding of the common words/terms you might encounter.

3 people found this helpful

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Lots of things learned

Lots of things learned. Among other books I have read about economics, this is the only book I was satisfied with. Great concepts and cover over 150 terms that I usually encounter. The terms were very in detail and informative, giving you much information with practica examples

3 people found this helpful

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A comprehensive guide

This book will let you understand the basic terms and definitions of Economics. I thoroughly enjoyed the course and introduction into Microeconomics & Macroeconomics, Keynesian & Classical Economics, Business & Consumer Economics, Basic Economics, Principles of Economics, Trade Economics, and Economic History. It was a great course that showed a detailed overview of the study of economics. I enjoyed it very much.

3 people found this helpful

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Highly recommended

A highly recommended guide to listening to. I thought that everything was explained in a clear and concise way. It was a great introduction to economics for me, as my college education was STEM. I plan on expanding my economics and humanities education, and this was the perfect first step!

3 people found this helpful

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Must-have to anyone

Have you ever wondered what Economics is all about? Well this guidebook is for you! This book is great for Freshmen Economics Students, Curious Adult, High School Economics Students, and for anyone interested in learning the foundations of economics as a course. Got the clear understanding about basics of economics.

3 people found this helpful

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  • Sam Donnelly
  • 11-19-19

Beautiful Economics

It studies how individuals, businesses, governments, and nations make choices on allocating resources to satisfy their wants/needs and many more things just awaiting for everyone. I love how clear the lessons are - lots of practical advice and plenty of case studies / downloadable assets that i can reference again and again.

Regards,

SAM

1 person found this helpful

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  • Sylvia Livingston
  • 06-17-20

Great book for the price

Very good length for the money. Covers pretty much anything a person looking into economics could want to know.

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  • Maria
  • 06-13-20

Inspiring. Wise.

Great advice and how I look at different situations brought in front of me. I recommend this book to everyone I know.

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  • John Sy
  • 06-10-20

4 stars

I appreciate the simplicity with which everything is explained. I'm enjoying it and learned a lot of terms I didn't know before.

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  • Lorelie M.
  • 06-06-20

Informative and useful

Definitely informative and useful! The book gives easy and clear information about the very fundamentals of microeconomics and macroeconomics. It reveals notions about different aspects of the science I was not aware of. Great insights for test-taking.

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    4 out of 5 stars
  • Performance
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  • Penny Painter
  • 11-19-19

An excellent, practical view of why?

With other analysis courses with other organizations I felt like I was getting sold something. Herold is very knowledgeable and passes that information on in a concise and professional way.

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  • Harry Cross
  • 11-19-19

Hear for all people.

A perfect course to brush up on the basics of capital budgeting especially when you don't have a hardcore finance background. Its very use full topic by this online course i have been got much more information which is going to help me a lot....