IIMA - Day to Day Economics

About this book

Author: Satish Y. Deodhar Publication: Penguin Format: Paperback Pages: 214 pages Economics and its applications are everywhere around us; however it is not easy for a layman to understand the complex theories and concepts of this subject. To ensure that the subject of Economics can be understood by common people, Satish Y. Deodhar has written this book, 'IIMA - Day to Day Economics’. This book explains the most difficult Economics terms in a simple and easy to understand language. This book explains the role of the Government and the various policies that affect daily economic activities. This book is published by Random House India publications in 2016. The main focus of the book is to showcase the various features of Economics using simple terms which will come to the aid of readers of all proficiency levels. It starts with the various economic institutions and the work that they do. Plus, it emphasizes on the different functions carried out by the government along with the significance of private sectors. The author then stresses on the needs of having a clear demarcation on the various functions carried out by every institution and having roles for each sector. The next chapter is focused on government budgets and deficits and its effects on the common man. The book describes the complete procedure of creating the budget and how various aspects of budget are calculated. The third chapter is based on the stock markets and banks; giving details of its fluctuations and how it affects the economy. The topic of free trade is addressed in the fourth chapter while the fifth chapter addresses the concept of inflation and the sixth chapter talks about various factors that affect an economy’s growth and recession.