Economics Terms: Financial Education Is Your Best Investment

Basic Principles of Business, Consumer, & Trade Economics. History and Indicators of US Economy
Narrated by: William Bahl
Series: Financial IQ Series, Book 7
Length: 11 hrs and 26 mins
5 out of 5 stars (71 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

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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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  • Beverly
  • 09-27-19

Fits in with the current situation

I found it a very detailed and interesting course which makes macroeconomics easy to learn for beginners.
The teacher is very up-to-date, and covers the latest topics in this course, allowing me to understand how macroeconomics fits in with the present situation in the UK (such as Brexit/ The Pledges).
The lectures are all also concise, making learning bite-sized, and more fun!
I would recommend this course to any others who wish to learn the basics of macroeconomics and how it fits in with the current (pre-Brexit) situation of the UK!

26 people found this helpful

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  • Tegan Powell
  • 09-27-19

To learn Financial Terms

I totally recommend this audiobook for anyone that wishes to learn about real estate investments or Corporate Finance, I am an architect in process of achieving a masters degree in real estate developments so i know what i am talking about.... this course has LOTS of common terms, Financial Laws & Regulations, Acronyms, and Abbreviations section, Herold is a business savvy professor that's giving away a masters degree course almost for free (In Only at £22.89) .
I have read a respectable amount of books, taken courses and university degree classes on the subject. I am glad to find a course that goes right into the subject instead of wasting your time with motivational stuff that's not worth your money.
Best investment i have ever done by far.

24 people found this helpful

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  • Hollie Baker
  • 09-27-19

friendly way to learn economics

Great approach to explain basic concepts, I would totally recommend this course to anyone looking for a friendly way to learn economics.


21 people found this helpful

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  • Mia Baker
  • 09-27-19

Financial management operation

The course really brought me out from stereotyped control personnel in financial sector to real core financial management operation in a corporate establishment.

20 people found this helpful

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  • Jasmine Doyle
  • 09-27-19

Has exposed!

Its Amazing and has exposed me to fundamentals of real estate analysis and so on. i recommend this course to everyone regardless of country or continent!

19 people found this helpful

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  • Imogen Craig
  • 09-27-19

Very well Organised lesson.

It was definitely a good match. Lot's of surface level explanation made clear with helpful revision exercises.
I would have preferred more frequent testing after each part and longer, more in depth explanation at the end of the each chapter to really drive home any concepts or point I may have missed.

18 people found this helpful

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  • Yasmin Fletcher
  • 09-27-19

Really a profitable course

Narration skill was wonderful. Content was well organised. Really a profitable course and is suitable for people novice in economics( as I am ).



18 people found this helpful

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  • Megan Wilkinson
  • 09-27-19

ABC of Economics

According to me, this is the "best" course for a beginner of Economics. This course helps to get in touch with all the basic ABC of Economics. Hoping for more courses of this type in future.

17 people found this helpful

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  • Sienna Shah
  • 09-27-19

Learn and understand

Yes, the course is good. The teacher expalined his points well with the slowly speaks and clearly. I think the professor is very good. I also like the short sections just introducing the core concepts. This makes the material easier to learn and understand. I would recommend this course and professor to others.


15 people found this helpful

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  • Jayden Griffiths
  • 09-27-19

My future investment strategy

Great course. I have learned a lot. I thinks that the financial terms are going to help me a lot with my future investment strategy and risk analyses. Thank you very much. I'll may have some clarifications since I am going to invest in east Europe and I have some questions about the real estate cycle there. I'll rise those when time comes.
Thank you again!

15 people found this helpful