ECON 101: Understanding the Language of Economics

The year of 2008, was great reminder to all of us, how much power economics has on our life. Within hours, one of the strongest, economies in the world was struggling to survive. Greed of few people led the world towards one of the great economic crises, after 1920’s Great Depression. People all around the world increasingly becoming jobless and homeless, all their dreams shattered with single blow and that too without any fault of their own. We all have come great distance form that now, most of the countries are recovering very rapidly, but some are still struggling to back on their feet. Even after this alarming event, most of us still stays away from economics, even after realising that knowledge of it is absolutely essential now a days. I think the primary reason behind that is, over the years all those brilliant economist succeeded to make economics as difficult as possible for common man and to keep it reach to common people.
This book is an attempt to make economics available to everyone. I am not claiming that after reading this book you will become economic experts, but I can guarantee you, after reading this book, when you turn on any business or finance channel like CNBC, you will understand what exactly the reporter is saying. After reading this book, whenever you pick up any business or finance newspaper like Business standard or Economic Times, you find it interesting and will able to enjoy the news. After reading this book, you feel confident enough to pick up a book written by some famous economist which you brought two years back and sitting on your book shelf just to impress the visitors. This book is for each of that person, who is even remotely interested in economics but all those vague terms and economic jargon are keeping him away.