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The National Economy
Series: Greenwood Guides to Business and Economics
 Bradley A. Hansen

0-313-33541-9/978-0-313-33541-9

Description
An introduction to how a national economy works—covering Gross Domestic Product, supply and demand, business cycles, households, and government policy.

Reviews:
-Provides an introduction to the American economy for noneconomists. with an emphasis on understanding long-term growth and short-run fluctuations. Presents an overview of how market economies such as in the United States work. Examines how we measure economic performance. Provides an explanation of long-term growth. Covers short-run fluctuations. Examines the roles of business, households, government, and the foreign sector in the national economy. —Journal of Economic Literature
-For the general reader, non-economist, and high school and college student, Hansen presents an introduction to the economy of the US, with a focus on long-term growth and short-run fluctuations. He explains economic growth, business cycles, how market economies work, how economic performance is measured, and the roles of business, households, the government, and the foreign sector. —Reference & Research Book News
-[T]his volume provides a clearly written introduction to the structure and performance of the American economy. Hansen begins by using the basics of supply and demand to examine how markets work. After discussing measures of economic performance, including gross domestic product, unemployment, and inflation, Hansen covers issues of long-term growth, short-run fluctuations, and economic policy. The bulk of the text describes the economic roles of businesses, households, the government, and the foreign sector. Current controversies such as globalization and immigration are touched upon. The book also includes sources of current economic information, a chronology of important economic events, and a glossary. Primarily descriptive with economic terminology and theory employed sparingly, this book will be a useful resource for novice readers wanting an accessible introduction to the American economy. Highly recommended. General readers and all levels of undergraduate students. —Choice
About the Author
Bradley A. Hansen is Associate Professor and Chair, Department of Economics, University of Mary Washington, where he has taught since 1995. He previously served on the faculty of Moorhead State University and as a senior teaching fellow at Washington University. He is the author of many articles, book chapters, research papers, and conferences presentations on economic policy and social welfare.
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