Deciphering Economics
Timely Topics Explained
by David E. O'Connor
May 2014, 338pp, 7 x 10
1 volume, Greenwood

Hardcover: 978-1-4408-0410-6
$108, £84, 94€, A148
eBook Available: 978-1-4408-0411-3
Please contact your preferred eBook vendor for pricing.

Congress argues about the debt ceiling, but just what does that term mean?

This compact yet comprehensive guide provides a wealth of information that is timely, easy to understand, and relevant to the academic and civic lives of students, teachers, researchers, and the general public.

Economics surround us, impacting the decisions people make as consumers, producers, workers, savers, investors, taxpayers, and voters. This guide offers a thorough and understandable overview of basic economic concepts and principles, providing building blocks for understanding the systems of economics in today’s complex world. It then explores contemporary, economics-related topics, issues, and challenges that exist within local communities, the U.S. economy, and the global economy.

Using language that is clear, precise, and accessible to high school and community college students as well as to general readers, the book covers microeconomic topics, macroeconomic topics, and international economics. It connects theory and practice as it examines how economic decisions are made and looks at the roles of the private and public sectors in achieving growth, stability, and employment. In addition, the author explores overarching trends in the global economy and the prospects for economic development in emerging nations and offers specific ways to locate other quality print and online resources on economics.


  • Covers many of the economic concepts and principles outlined by the Council for Economic Education (Voluntary National Content Standards in Economics, 2nd Edition, 2010), National Council for the Social Studies (College, Career, & Civic Life C3 Framework for Social Studies State Standards: Guidance for Enhancing the Rigor of K–12 Civics, Economics, Geography, and History, 2013), the Foundation for Teaching Economics, and the College Board
David E. O'Connor is a nationally recognized economics teacher at the Edwin O. Smith High School in Storrs, CT, and adjunct professor of economics at the University of Connecticut. His published works include ABC-CLIO's Encyclopedia of the Global Economy: A Guide for Students and Researchers; The Basics of Economics; and Demystifying the Global Economy: A Guide for Students, a Choice Outstanding Title. O'Connor also wrote a four-volume series of resource and reference books about the global economy through the Center for International Business Education and Research (CIBER) at the University of Connecticut.


"This book impressively serves as a great resource for both those wanting to learn about economics and as a point of reference for those individuals who are knowledgeable in the field. . . . He succeeds at meticulously breaking down and explaining a very complex and ever-changing topic. The reader-friendly narrative is easy to follow, making it highly accessible to users at all levels."—Booklist, October 1, 2014

"This reviewer would recommend this book for all public and academic libraries. It has basic economic information that enables students and the public to general information about economics. It is a comprehensive source for research papers, reports, and it can be utilized as a textbook for class. It can be used as a citizen's guide to enable the general public to understand our U.S. and global economic systems."—ARBAonline, August 1, 2014

"Those without coursework or a background in economics will appreciate this broad overview of economics . . . The book, written in clear and unassuming language . . . follows a thoughtful organization . . . This compact yet comprehensive guide fills a niche by providing a general introduction to the study of economics, allowing readers to gain a slightly better than basic understanding before embarking on any more in-depth study into particular aspects of the field. . . . Summing Up: Recommended. Lower-division undergraduates and above; general readers."—Choice, November 6, 2014
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