When economy is at woe, everybody will realize that everything is not alright. Whether you are a CEO or the lowest level worker will feel the impact. When the market is volatile, everyone is in panic. To be able to understand market and anything related to economy, you need to have a better understating of economics. However, how do you learn this and probably you are not in school? Just like other things where you can learn by yourself, all you need is to get reputable economic books.
There are a lot of things involved in economics and is abroad subject. Therefore, you can either learn about the general aspects or specializes in single area. However, for people who are in the starting stage, it is ideal to look for economic books for beginners. This will allow you to learn economics from the basic level as you progress up to advance levels.
On the other hands, for people specializing in economics in schools, getting economic books for students is a great step. They take student stepwise thereby having a clear understanding of a course. Whether you want to have self-training, student or a professional economist, you have to rely on books to expand your mind concerning the economics. By combining acquired information, experience, and creative thinking, it is easy to master the art of economics. Wondering where to get highly reliable books? It’s a question that everyone keeps asking. But, answer is simple, online stores; particularly Amazon has a great collection of books. On the other hand, we have eased your purchases by reviewing top 10 best economic books in 2018.
List of Top 10 Best Economic Books in 2018 Reviews
1. IB Economics Course Book
The second edition of this economics book has been revised and updated as per the 2011 syllabus changes. There are increased diagrams and photos to support students learning to make it rank as the bestselling IB diploma course book for economics. This book is written by top IB economics workshop leaders, Jocelyn Blink and Ian Dorton.
It now has accurate mapping and is more engaging than ever with the colorful design and included student CD-ROM. The book offers full coverage of the new quantitative syllabus component. There are also activities that integrate the learner profile, exam and extended essay advice that encourage top achievement.
2. Basic Economics by Thomas Sowell
If you want the best economics books, then you should check out Thomas Sowell’s fifth edition bestselling book. This basic economics book gives you an understanding of the fundamental economic principles and how these principles explain our lives. Sowell, in his book, explains these basic principles through examples of the world around us. No need for graphs, jargon or equations to understand the principles of economics, it’s all fun and simple through Sowell’s book.
3. Economics for Dummies
The author, Sean Masaki Flynn, lets you understand the history, the principles, and theories of economic through his book. It is the best option to consider especially if you are starting out in the field of economics. His book is a must-read among other economics books because it will also help you understand the basic terminologies of economics.
Sean’s revised edition of Economics for Dummies is packed with new information and relevant examples from today’s economy. This book truly gives you a simple easy-to-understand way of how the economy works and how it influences our personal finances. There is also a new chapter on financial crisis and health care policy. Economics for Dummies truly uses simple terms you can understand.
4. Economics in One Lesson
Henry Hazlitt has the simplest and the surest way to help you understand basic economics, and he shows you how in his book Economics in One Lesson. It is among the best economics books for beginners because it uses simple easy-to-understand words that will surely help you learn economics fast.
In this book, Henry explains the basic truths about economics and also writes about the fallacies that cause unemployment, high taxes, recession, and inflation. Economics in One Lesson also illustrates the negative effects of taxes, inflation, minimum wage laws, rent control and trade restrictions. The book also has a chapter that talks about important and renowned classical liberal thinkers like Herbert Spencers and John Locke. You will find this book quite informative and truly enriching.
5. The Economics Book by DK
This book is a rich reference material for students and anyone interested in understanding how economics works. It touches on key figures like Thomas Aquinas, Adam Smith, and John Maynard Keynes. The book has easy-to-understand graphics and brief quotations also with thoroughly accessible text that helps you understand economics through everyday examples. The approach employed in this book makes a confusing subject make sense, highlighting historically important and emerging issues in this field.
6. Economics by Walter J. Wessels
Barron’s Business Review Series contains the best economics books perfect for the classroom. The books define and explain basic terms, they summarize concepts and give students review questions with answers to sharpen their understanding. The updated edition shows the difference between macroeconomics and microeconomics.
The book explains the uses of graphs and also discusses the law of supply and demand which is important in understanding the principles of economics. Topics covered in the Macroeconomics section include Inflation, types, and costs of unemployment, national output, and the Keynesian model. The microeconomics section covers topics on economic profits, forces that promote competition and monopolies among others. The book is easy to read and is among the best books to understand economics.
7. Let’s Chat About Economics!
According to Dr. Arthur Laffer and other authors, now is the right time to talk to your little ones about economics. Don’t worry because he shows you how to do this in his book Let’s Chat About Economics! This is an introduction to economics book specially written for families of elementary-age kids.
It identifies and illustrates the basic economic principles through familiar scenarios and provides a framework for adults to discuss the concept of economics with their young children. Children will recognize economics through everyday actions like planning a trip, and shopping. This book helps you give your child a solid foundation of how the world works.
8. The Everything Economics Book by David A. Mayer and Melanie E. Fox
This is a complete guide and one of the best books to understand economics from theory to practice. If you believe economics is challenging, then this book will truly change your view of thinking. This book will help you learn how the US economy works in an easy-to-understand language. The authors of the book explain to you how the government intervenes in markets, why and how we trade, and how the economy is measured. The book also lets you learn the causes of the recent recession. It also helps you understand how the global climate change may transform the way the economy operates.
9. Economics and You by Carson-Dellosa
This book makes it easy for grade 5 students to understand the concept of economics. The 64-page book by Carson-Dellosa has an in-depth, real-world simulation activity designed to reinforce economic and math concepts to the students while introducing them to the consumer world. The book will help them learn how to calculate interest, how to balance a checkbook, buy a car, file taxes and how to develop a budget. It is filled with useful information that will help students in grades 5 grasp the concept that many people find challenging later in life.
10. Poor Economics by Esther Duflo and Abhijit Banerjee
Poor Economics answers questions that aim at ending poverty in the world. The authors of the book explain to the readers how the stress of living on 99 cents per day encourage the poor to make decisions that encourage poverty. It is among the best economics books because Poor Economics will help you understand that the only way to end poverty is first to understand the daily decisions of the poor and find a way to challenge them.