• 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
  • Series: Financial IQ Series, Book 7
  • Length: 11 hrs and 26 mins
  • Unabridged Audiobook
  • Categories: Money & Finance, Economics
  • 4.9 out of 5 stars (156 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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Good explanation and expression!

This was a very good audio book for beginners. Hopefully, there will be more intermediate and advanced courses in the future.
The tutor was very clear throughout the lectures with good explanation and expression. The sound quality throughout the audio book was excellent.
Overall, I highly recommend this course to all of you and if the standard is the same with his other courses, I think you will thoroughly enjoy throughout. Many thanks.


25 people found this helpful

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Notes are perfect

A very good course, perfect if you want an introduction to Macroeconomics. Not too long, the course notes are perfect if you want to go back on a specific point.
Also there are real-life examples, taken from History or current events (governments policies, crises and how governments dealt with it, ...)

22 people found this helpful

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Basic economic principles

Great overview of the basic economic principles. I haven't studied any longer courses on economics, but being a bit older I had time to reflect on many of the subjects addressed. The course gives names, and reasons for the economy behaving in the way I have experienced the. So the course gives a good summary, overview, and some formalization to economy. Looking forward to the next courses.



21 people found this helpful

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World through an economist's views

The concepts taught in this audiobook made me imagine the world through an economist's views although I am an engineering student. I feel confident on moving towards my goal thanks to this resource. Bahl has an engaging delivery and totally keeps the learner focused. I wish to listen to him live as well. I loved the list of over 150 most common terms. Great Audio Book!

21 people found this helpful

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To improve anyone's LIFE!

I always felt Economics as pretty complex as a subject before i came across this lesson by Herold. The way he simplifies the subject to the practical application of every day life, has totally opened my eyes to see Economics not just as a theoretical subject but to see it as a tool to understand and improve my life.
Hope to listen more audible from you Herold.


20 people found this helpful

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Worth every penny!

Very detailed information with enough explanation to help even a true beginner pick up a few well-built investment strategies. I've already used the material to gain three new clients and am working towards signing a contract within a month of starting the course!

18 people found this helpful

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Difficult concepts are broken down

I loved the course as the difficult concepts are broken down into the simplest forms. As Bahl explains the principles by giving examples from the real life which makes everything clear. The professor is doing an excellent job. I highly recommend this course as he is natural and the way he explains the theories are absolutely making the course worth it.


18 people found this helpful

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All in bite-size chunks!

Logical development as each part is built on from the basics up. For further listening the notes are excellent - I liked the notes on Debt, Bankruptcy, Mortgage, Small Business, and Wall Street in particular. I also like the way that points are repeated as, new to Economics, this stops me feeling I have to write everything down.
The lecturer is clear and the pace, for me, is about right.
There is nothing jazzy about this course (good!) Just straight forward explanations plus notes to extend my knowledge.
This course is EXACTLY right.
I have listened the other egg-timer courses and this course - made very recently - maintains the tradition for quality, expertise, interest - all in bite-size chunks!
A very very good course!


17 people found this helpful

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so much helpful

It was just amazing to learn and revise these parts through an easy and wonderful way.. The way of explaining these things is so much helpful. Thank u so so much for this lesson.. :) waiting eagerly for the nex session..

15 people found this helpful

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very great and concise explanation!

The book was good and well explained. But I would like to point out two things. Firstly in Financial Laws & Regulations, Acronyms, and Abbreviations part, differentiation would have been a better approach I think. And secondly , at some point , Keynesian & Classical Economics parts, the voice of the instructor was audible. It was attracting me much.
Apart from those two, the course was amazing.

15 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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  • Jennifer
  • 06-21-20

ASAP

Pretty well describes a lot of concepts. Great way to start learning about the world of economics.

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  • Sean Baker
  • 06-20-20

Even I get it

I don't understand how money works but this book is so simple but it seems to cover all the important details. It's very organised. I get it- so will you.

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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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    4 out of 5 stars
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  • Charles
  • 06-14-20

Great intro for financial literacy

I read this book for a better understanding of economics. I found it a good review of classical and modern economics, and current economic issues.

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    4 out of 5 stars
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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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  • 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....