What You Need To Know About Economics

INTRODUCTION

Have you ever wondered what makes an economy tick, and why recessions happen? Or why prices rise and fall? Why do governments borrow money, and why does it matter if they borrow too much? What causes unemployment? Why are house prices so important for the economy? And what is it that causes our savings rates and the cost of borrowing to move up and down?

If you have, then you're already interested in economics.

These are the sort of issues that we hear about every day in the newspapers and on the television news. There's always been a certain fascination with what's going on in the economy. This has been particularly true since the global credit crisis, with the recession that followed having had such as large impact on economies ...