Thinking like an Economist – A Guide to Rational Decision Making
Thinking like an Economist – A Guide to Rational Decision Making
Salepage : Thinking like an Economist – A Guide to Rational Decision Making
Arichive : Thinking like an Economist – A Guide to Rational Decision Making
Publisher’s Summary
Economic forces are everywhere around you. But that doesn’t mean you need to passively accept whatever outcome those forces might press upon you. Instead, with these 12 fast-moving and crystal clear lectures, you can learn how to use a small handful of basic nuts-and-bolts principles to turn those same forces to your own advantage.
Requiring no previous economics background, Professor Bartlett presents some of the fundamental principles and concepts that shape the lenses through which economists view the world. He then shows you how to use these simple analytical tools to understand what you see through those lenses. By learning to identify the many varied situations in which economics affects your life and how to wield the tools that can help you make the wisest choices in those situations, you’ll enhance not only your understanding of daily life but your own success in living it.
Packed with case studies, helpful strategies, economic insights, and more, this series will equip you with a reliable toolkit for thinking more like an everyday economist and approach the issues in your own life with a more educated, seasoned eye. And after these dozen lectures with Professor Bartlett, things really will look very different. You’ll see how basic economic ideas like incentives, risks, rewards, and rationality are not just the province of professional economists, government policymakers, or your local bank’s loan officer, but instead lie at the root of nearly every decision you must make in your daily life.
What is Business ?
Business is the activity of making one’s living or making money by producing or buying and selling products (such as goods and services).[need quotation to verify] Simply put, it is “any activity or enterprise entered into for profit.”
Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business. If the business acquires debts, the creditors can go after the owner’s personal possessions. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business.
The term is also often used colloquially (but not by lawyers or by public officials) to refer to a company. A company, on the other hand, is a separate legal entity and provides for limited liability, as well as corporate tax rates. A company structure is more complicated and expensive to set up, but offers more protection and benefits for the owner.
Thinking like an Economist – A Guide to Rational Decision Making
Readmore About : Thinking like an Economist – A Guide to Rational Decision Making
