Economics Books

Dive into the dynamic world of economics with our wide array of books in the Economics collection. From global financial systems to local economic policies, our selection offers insights by leading economists and scholars.

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China and the WTO : Changing China, Changing World Trade - Thryft
Mark L. Clifford, Supachai Panitchpakdi  | Wiley

China and the WTO : Changing China, Changing World Trade

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Goodreads rating: 3.79

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This book is recommended for those interested in understanding the impacts of China's entry into the WTO on the global economic order. Dr. Supachai provides a unique perspective as the first director-general from a developing nation. The book delves into the key implications for the USA, Asia, and Europe, the strains that will be placed on the existing order, and the shift in the balance of global power as China overtakes Japan and matches the economic power of the US.
Janeway Eliot : Economics of Chaos (Hbk) - Thryft
Eliot Janeway | Dutton Adult

Janeway Eliot : Economics of Chaos (Hbk)

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Recommendation: Janeway Eliot's "Economics of Chaos" provides a comprehensive guide to not only understanding the current global economic crisis but also how to tackle it with an 8-step program. Eliot's unique approach and well-researched facts make this book an insightful read for both economists and non-economists alike.
A Short Guide to Contract Risk - Thryft
George J. Siedel, Helena Haapio  | Routledge

A Short Guide to Contract Risk

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Goodreads rating: 4.0

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If you're looking to confidently navigate the world of contracts, this guide is like having a legal advisor in your pocket. It demystifies the legal jargon, empowering you to make informed decisions and safeguard your business interests. The unique selling point is its lean, practical approach to contracts, putting you in control of risk management and turning agreements into a strategic asset.
Lead the Work: Navigating a World Beyond Employment

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If you're fascinated by the seismic shifts transforming today's job market, "Lead the Work" is a valuable resource. With a forward-thinking approach, the book dissects the trend of impermanent employment and provides you with solid management strategies to navigate the wave of change. It's a must-read for managers and leaders keen on ensuring their organization stays competitive in a world where traditional employment bonds are dissolving.
Principles Of Economics - Thryft
Euston Quah, N. Gregory Mankiw, Peter Wilson  | Cengage Learning Asia

Principles Of Economics

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Goodreads rating: 4.09

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If you're looking to grasp the basics of economics with a focus on the Asian market, "Principles of Economics" could be the perfect starting point. By adapting Mankiw's authoritative text to include Asian economic institutions, policies, and real-life examples, this book doesn't just teach economic concepts; it connects them to the world you interact with every day. Whether you're a first-timer in economics or looking to see how the principles apply specifically in Asia, this read promises relevance and clarity in one package.
Managing Outside Pressure - Strategies for Preventing Corporate Disasters - Thryft
Ulrich Steger, Matthias Winter  | Wiley

Managing Outside Pressure - Strategies for Preventing Corporate Disasters

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This book is a must-read for corporate leaders as it provides a comprehensive guide to manage external pressures that can lead to reputational damage and corporate crises. The authors provide excellent advice on how to predict and manage external pressures that can be potential public sparks or triggers. This book arms managers with a smart detector and offers win-win solutions to keep external pressures safely away.
Flip: How to Survive and Thrive by Turning Your Business on Its Head - Thryft
Peter Sheahan | Harper

Flip: How to Survive and Thrive by Turning Your Business on Its Head

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Goodreads rating: 3.13

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This book could be a good read for anyone looking for a fresh perspective on business in turbulent times. Peter Sheahan, a young management guru, challenges conventional wisdom and emphasizes flexible decision-making. Through captivating real-life examples, Sheahan demonstrates the importance of re-evaluating every aspect of running a company in order to succeed.
$20K To $2 Million In 2 Years - What Your Business Needs To Know To Grow - Thryft
Mr Raymond JH Huan | Bookpod

$20K To $2 Million In 2 Years - What Your Business Needs To Know To Grow

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This book is an invaluable guide for entrepreneurs and small business owners who dream of rapid growth. With firsthand insights from a world-class business advisor, Raymond Huan, readers can uncover the common traits and fundamental principles that drive businesses to go from $20K to $2 million in just 2 years. Discover the hidden secrets and strategies that continue to propel these businesses forward, even during challenging economic times. It's time to unlock the keys to exponential growth and take your business to the next level.
International Tourism Futures: The Drivers and Impacts of Change

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If you're keen on understanding how the dynamic world will influence the future of travel and hospitality, "International Tourism Futures" could ignite your curiosity. Dr. Clare Lade expertly dissects the various forces shaping the industry, equipping you with insights to navigate or even innovate within this ever-evolving landscape. This could be the compass you need if you're plotting a course in the tourism sector.
Hedge Funds in Emerging Markets
Gordon de Brouwer | Cambridge University Press

Hedge Funds in Emerging Markets

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If you're curious about the often-misunderstood world of hedge funds and their impact on global economies, particularly in the throes of financial crises, this is for you. De Brouwer deftly balances the good, the bad, and the complex, making the opaque world of hedge funds a little clearer, especially regarding their role in the tumultuous markets of East Asia. It's an enlightening read that bridges the gap for both finance professionals and interested observers.
Corporate Financial Management - Thryft
Ph.D. Arnold, Glen | Pearson Education

Corporate Financial Management

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Goodreads rating: 3.89

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If you're delving into the practicalities of corporate finance, this book will be your guide. It's not just about the theories; it's about applying them to real-world situations. You'll learn how to make smart investment decisions, manage risk, and understand where to acquire funding. It's comprehensive, yet digestible with excellent real-life examples to illustrate complex concepts.
Property vs Shares : Discover Your Knockout Investment Strategy - Thryft
Peter Koulizos | Wiley

Property vs Shares : Discover Your Knockout Investment Strategy

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Goodreads rating: 4.33

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This book provides an unbiased comparison of the benefits and risks of investing in property and shares. It debunks myths surrounding both asset classes and recommends a combined strategy. The authors offer helpful tips on when and what to buy and how to avoid scams. This is a must-read for anyone looking to tailor their portfolio to their individual needs and achieve healthy and consistent returns.
Economics - Thryft
John Sloman, Alison Wride  | Pearson Canada

Economics

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Goodreads rating: 3.96

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This book is a great resource for anyone seeking to gain a solid understanding of basic economic concepts. It explains the subject in simple, easy-to-understand language with clear, concise examples. The book's unique and distinctive feature is its comprehensive coverage of the latest economic issues, ensuring readers stay informed on any latest developments in the field. Highly recommended for students or anyone interested in economics.
Managing Financial Resources - Thryft
Mick Broadbent, John T. Cullen  | Butterworth-heinemann

Managing Financial Resources

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"Managing Financial Resources by Michael Broadbent provides practical knowledge on financial planning and budgeting for any management course. The book includes real-life examples and case studies that illustrate points in a practical context. The incorporation of external databases and capital budgeting in the new edition makes the book more relevant to present times. It's an ideal read for management students who intend to improve their financial planning skills."
The Shifts and the Shocks: What We've Learned -- And Have Still to Learn -- From the Financial Crisis
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If you're someone who wants to understand the intricacies behind the 2008 financial crisis and look beyond the headlines, "The Shifts and the Shocks" by Martin Wolf offers a deep dive. Wolf doesn't just rehash what happened; he lays out the fundamental economic shifts that led to the crisis and challenges his readers to think about what we've learned since. It's a must-read if you're interested in the interplay between global economics and the financial systems that support it.
Key Management Ratios : How to analyze, compare and control the figures that drive company value - Thryft

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If you're looking to get a solid grasp on what really drives your company's financial performance, "Key Management Ratios" is the tool you need. It won't just help you calculate figures; it'll guide you through understanding their implications for your business. Walsh's clear, visual explanations make complex financial concepts accessible, providing you with the insights to make informed management decisions. It's like having a finance guru by your side, simplifying the numbers that shape your company's future.
The Complete Asian Report Writer - Thryft
Graham Colin-Jones | Times Editions,singapore

The Complete Asian Report Writer

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If you're navigating the nuances of Asian business communication, 'The Complete Asian Report Writer' is a resourceful tool to own. Graham Colin-Jones tailors writing strategies specifically for Asian markets, making it an insightful companion for professionals looking to refine their report writing to cater to this audience. It's a thoughtfully structured handbook that will surely enhance your written communication in a business context.
Frugal California From $60 A Day, 1st Edition - Thryft

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Frugal California From $60 A Day could be a useful guide for travelers looking to explore California on a budget. The book provides recommendations for affordable accommodations, dining options, and budget-friendly sightseeing activities in California. Its most distinctive feature is its focus on providing readers with information on how to experience the beauty of California without breaking the bank. It would be a great option for anyone who wants to travel California on a budget.
Financial Accounting in Singapore and Malaysia - Thryft
Walter T. Harrison Jr. | Pearson Prentice Hall

Financial Accounting in Singapore and Malaysia

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Goodreads rating: 3.0

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Recommendation: This book is an excellent resource for business students and professionals looking to understand the unique aspects of financial accounting in Singapore and Malaysia. With its comprehensive coverage of topics and clear explanations, readers will gain a thorough understanding of financial reporting practices in Southeast Asia. The author's expertise and real-life examples add to the book's value, making it a must-read for anyone interested in accounting in this region.
Now or Never: How Companies Must Change Today to Win the Battle for Internet Customers - Thryft
Mary Modahl | Harper Business

Now or Never: How Companies Must Change Today to Win the Battle for Internet Customers

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Goodreads rating: 3.36

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"Now or Never" is a must-read for businesses trying to attract and retain customers in the digital age. Mary Modahl provides valuable insights into the ten consumer segments and offers practical suggestions for businesses to make electronic commerce more attractive to shoppers. With clear and concise writing, this book is easy to understand and apply. Users will appreciate the actionable advice, making it a must-have for any business looking to stay ahead of the curve.
Marketing Management : International Edition - Thryft
philip-kotler | Fisicalbook

Marketing Management : International Edition

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Goodreads rating: 4.05

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Marketing Management is a must-read for MBA and undergraduate students who want to understand the complexities of modern marketing. The book delves into Customer Relationship Management, Technology/Internet Revolution, Brand Building, and Global Marketing, providing practical examples and case studies to help readers grasp the concepts. Philip Kotler is a renowned author in this field, and his expertise and insights make this book invaluable for professionals as well.
The Sale of a Lifetime: How the Great Bubble Burst of 2017-2019 Can Make You Rich - Thryft
Harry S. Dent Jr. | Portfolio

The Sale of a Lifetime: How the Great Bubble Burst of 2017-2019 Can Make You Rich

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Goodreads rating: 3.45

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Harry S. Dent Jr. isn't just offering a crystal ball into economic cycles; he's providing a roadmap to potentially capitalize on them. This isn't just about doom and gloom; it's about preparation and opportunity. If you're intrigued by the idea of turning economic downturns to your advantage, Dent's insights could offer you a unique perspective on how to navigate the storms and come out richer.
Smarter Investing: Simpler Decisions for Better Results
Tim Hale | Prentice Hall

Smarter Investing: Simpler Decisions for Better Results

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Goodreads rating: 4.09

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If you're overwhelmed by complex investment advice and want guidance that's straightforward and reliable, "Smarter Investing" might be just what you need. Tim Hale translates his extensive experience into accessible strategies that aim to make your money work harder. This book strips away the noise and offers a clear path to build and maintain a balanced portfolio, making it a solid choice if you're seeking better investment outcomes without the hassle.
Course Microeconomic Theory - Thryft
David M. Kreps | Harvester/wheatsheaf

Course Microeconomic Theory

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Goodreads rating: 4.06

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This book provides a broad coverage of traditional and modern approaches to microeconomic theory, making it ideal for final-year undergraduate and graduate students. The numerous problem sets and exercises included in the book offer readers the opportunity to test their knowledge and improve their understanding of the subject. Moreover, the author uses a wide variety of markets for examples, with a concentration in industrial economics, which makes the content of the book more relevant and engaging.
Financial Accounting: Global Edition : International Financial Reporting Standards - Thryft
Walter T. Harrison Jr. | Pearson

Financial Accounting: Global Edition : International Financial Reporting Standards

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Goodreads rating: 3.82

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Financial Accounting: Global Edition, authored by Walter T Harrison, is an ideal book for students seeking an introductory course in financial accounting from a traditional "preparer" approach. The book helps readers gain an in-depth understanding of the critical 'accounting cycle' chapters by focusing on the concepts and mechanics to minimize confusion. Additionally, Harrison has adapted the book to include International Financial Reporting Standards and include examples of IFRS-compliant companies to make it relevant to students outside the United States. It's suitable for students aspiring to become accountants, finance professionals, or anyone who wants to understand basic accounting principles.
Singapore Perspectives 2009: The Heart of the Matter - Thryft
Tarn How Tan | Wspc

Singapore Perspectives 2009: The Heart of the Matter

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If you're intrigued by the societal and political undercurrents shaping modern Singapore, "Singapore Perspectives 2009: The Heart Of The Matter" offers a treasure trove of analyses and ideas. You'll engage with forward-thinking essays that don't just skim the surface but dive deep into Singapore's identity, presented by those who don't just observe but actively shape its narrative. Whether you're a policy enthusiast or someone interested in the resilient spirit of small, globalized nations, this book promises to enrich your understanding and spark thoughtful conversations.
The Great Reckoning: How the World Will Change in the Depression of the 1990's - Thryft
James Dale Davidson | Pan Macmillan

The Great Reckoning: How the World Will Change in the Depression of the 1990's

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Goodreads rating: 3.5

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This book could be a good read for those who are worried about their financial future during a crisis. The authors provide investment tips and strategies for businesses and individuals to survive the coming economic depression. The book offers insight into potential changes in society, including higher taxes, migrations away from big cities, and the decriminalization of drugs. The most unique feature of this book is its focus on survival during a crisis and the strategies provided to help readers prepare for it.
Financial Management & Policy, 12/E - Thryft
VAN HORNE | Pearson Education

Financial Management & Policy, 12/E

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This book provides a comprehensive guide to financial concepts, policies, and strategies. It is a great read for anyone looking to understand the basics of financial management and how they apply to both businesses and personal finance. The book is easy to follow, with practical examples and exercises to reinforce your learning.
Income Inequality in Singapore - Impact of Economic Growth and Structural Change, 1966-1975
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If you're intrigued by economics and history, you might find this study enlightening. Rao and Ramakrishnan's work dives into a critical decade of Singapore’s history, giving you a nuanced understanding of how economic policies shaped the lives of its citizens. It's a fascinating case study on the interplay between growth and equity.
Conquer The Crash - You Can Survive And Prosper In A Deflationary Depression - Thryft
Robert R. Prechter Jr. | John Wiley & Sons

Conquer The Crash - You Can Survive And Prosper In A Deflationary Depression

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Goodreads rating: 3.65

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Conquer The Crash isn't just a book; it's a financial survival kit for the modern investor. Robert Prechter presents a compelling case for an impending deflationary period, drawing parallels to historical economic downturns and providing a concrete plan to shield your investments. If you're concerned about economic uncertainty and want to be prepared rather than blindsided, this book offers the kind of advice that could make a tangible difference in preserving—and potentially growing—your wealth in turbulent times.
The Gathering Storm - Thryft
Patrick L. Young, Howard Marks, Lee Robinson  | Derivatives Vision

The Gathering Storm

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Goodreads rating: 4.0

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"The Gathering Storm" isn't just a tome on the complex dance of the world economy; it's an act of philanthropic commitment. Each chapter reads as a perspicacious forecast by experts who saw the storm clouds of economic upheaval before they broke. If you're someone who appreciates a deep dive into financial analysis while contributing to a greater cause, this book delivers enlightening perspectives with the bonus that your purchase aids charities worldwide.
International Business, Global Edition - Thryft
John D. Daniels | Pearson

International Business, Global Edition

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Goodreads rating: 4.4

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If you're venturing into the global market, this book is a reliable co-pilot. It's not just theory; it merges academia with real-world scenarios, giving you a grounded understanding of international business. With updated cases and a focus on emerging economies, it prepares you to tackle business across borders with confidence and insight. The engaging content and supportive online resources make it a comprehensive guide for students and professionals alike.
Marketing
Carl D. McDaniel | Longman

Marketing

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Goodreads rating: 3.5

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If you're diving into the world of marketing, this book is like your personal GPS. It doesn't just scratch the surface; it's a deep dive that's constantly refreshed with the latest industry standards and examples. Think of it as your all-in-one, updated marketing mentor, brilliantly explaining how every piece of the marketing mix fits together in the real world.
International Financial Contagion: Theory and Evidence in Evolution - Thryft
Roberto Rigobon | Research Foundation Of Aimr (cfa Institute)

International Financial Contagion: Theory and Evidence in Evolution

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For anyone intrigued by the interconnected nature of global markets, this tome provides a compelling, comprehensive dive into the phenomenon of financial contagion. It's not just a historical recap; it's a journey through the intricacies of financial interdependence, illuminated by rigorous theory and evidence. Whether you’re a finance professional or an economics enthusiast, it opens up discussions on how market tremors in one zone send shockwaves globally—something especially relevant in today's tumultuous financial climate.
The Buy-to-let Bible - Thryft
ajay-ahuja | Lawpack Publishing Ltd

The Buy-to-let Bible

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Goodreads rating: 3.07

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Recommendation: If you're interested in investing in buy-to-let properties, this expert guide is a must-read. With clear and concise advice, Ajay Ahuja offers practical tips and insights on how to be successful in the buy-to-let market. This revised edition is a comprehensive resource that covers everything from finding the right property to managing tenants, making it an essential read for any aspiring landlord.
The New Financial Order: Risk in the 21st Century
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Feeling uneasy about economic instability and your personal financial future? Shiller's "The New Financial Order" might just be the handbook you need to navigate the 21st century's financial roller coaster. It's not just about stashing your cash in stocks or savings accounts; Shiller takes you deeper into less-talked-about assets like your job and home. His innovative vision leverages modern tech and sophisticated financial theories, promising an unprecedented level of economic security. If you want to protect and grow what's truly valuable, give this one a read.
Investments and Portfolio Management - Thryft
Alan J. Marcus, Zvi Bodie, Alex Kane  | Mcgraw-hill Europe

Investments and Portfolio Management

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Goodreads rating: 3.9

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This book could be just the resource you're looking for if you're delving into graduate-level investment studies or are an MBA student. Bodie, Kane, and Marcus have created a thorough blend of theory and real-world application, which doesn't skimp on the details. It lays a clear groundwork for understanding asset allocation and dives deep into derivatives, all while making the content accessible through a clear writing style and useful online tools.
The Roaring 2000s: Building the Wealth and Lifestyle You Desire in the Greatest Boom in History

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If the future of work and lifestyle transformations intrigues you, Harry S. Dent Jr.'s predictions in 'The Roaring 2000s' could offer a captivating lens. It's a journey through trends and opportunities that seemed ripe at the cusp of the new millennium. While history didn't exactly follow Dent's roadmap, this book remains a thought-provoking glimpse into the optimism and forecasting around the year 2000. It's an engaging read for those curious about past predictions and the thought processes behind them, even as they reflect on the economic realities of our current era.
IFRS Made Easy
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Steven M. Bragg | Wiley

IFRS Made Easy

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Goodreads rating: 3.88

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In stock: Well Read

Recommended for: This book is a must-read for accountants, controllers, or CFOs who are struggling with the impact of convergence and need practical advice about how to deal with IFRS issues. The book provides a practical, plain language explanation of international financial reporting standards and is liberally sprinkled with definitions and examples that make it easy to understand. It also summarizes the IFRS and notes applicable source documents, making it an essential reference tool for anyone who needs on-the-spot answers to questions that arise while dealing with IFRS.
Business Accounting Vol 1 ISE - Thryft
Frank Wood, Alan Sangster  | Ft Pr

Business Accounting Vol 1 ISE

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Goodreads rating: 4.01

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In stock: Very Good

Recommendation: This comprehensive textbook on business accounting is perfect for both students and lecturers. With clear explanations, numerous examples, and a structured approach, it simplifies complex concepts and helps build knowledge step-by-step. The inclusion of special accounting procedures and partnerships in Volume 1 makes it even more valuable. If you're in one of the listed countries, this book is a must-have for mastering business accounting.
Business Research Methods and Statistics Using SPSS - Thryft
Richard A. Burns, Robert P. Burns  | Sage Publications Ltd

Business Research Methods and Statistics Using SPSS

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Goodreads rating: 3.5

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This book might just be what you need to demystify the complex world of business research and statistics. With its easy-to-understand language and focus on practical applications, it could be a boon for anyone engaged in business studies or management research. It smoothly transitions you from theoretical concepts to the real-world utility of SPSS, without overwhelming you with mathematical jargon. If you're looking to get comfortable with quantitative methods and want to apply them effectively in your research, this could be the book to start with.
Economics - Thryft
Michael Parkin | Pearson Academic

Economics

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Goodreads rating: 3.67

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"Economics" could be a good read for someone who wants to dive deep into the world of economics. With a serious analytical approach, the book introduces and develops the main ideas of the discipline with the latest research and data. Readers will gain a real-world understanding of the subject and be able to apply the concepts to their own life and work.
Commercial Law in a Changing Economic Climate - Thryft
Clive M. Schmitthoff | Sweet & Maxwell

Commercial Law in a Changing Economic Climate

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In stock: Well Read

As you navigate the intricate world of commercial law, Schmitthoff's book could be your compass through the complexities of legal landscapes altered by economic changes. Reflecting on the era it was written, it provides historical insights that remain relevant, benefiting legal professionals or students seeking to understand the interplay between commerce and law through different economic seasons.
Connect : How companies succeed by engaging radically with society - Thryft
John Browne | W H Allen

Connect : How companies succeed by engaging radically with society

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Goodreads rating: 3.48

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This book is a good read for business executives who are looking to improve their company's sustainability through engagement with society. The book offers a practical manifesto based on the experience of former BP CEO, John Browne, and insights from two McKinsey experts. It features candid interviews with global leaders and shows how companies and executives can enhance their performance by engaging radically with the world around them.
Understanding Emerging Markets: Building Business BRIC by Brick
New

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If you're looking to expand your business or just have a keen interest in global market dynamics, "Understanding Emerging Markets" could be a game-changer for you. It doesn't just offer theoretical knowledge; it dives deep into the cultural nuances, operational challenges, and strategic intricacies of working within the BRIC nations. Imagine having a compass that guides you through the complexities of some of the world's fastest-growing economies — that's what this book aims to be. Whether you're an entrepreneur, a student of international business, or an economic enthusiast, you will find the insights offered in this book invaluable and practical.
The Economist Pocket Asia - Thryft
John Andrews | Profile Books Ltd

The Economist Pocket Asia

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Goodreads rating: 0.0

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The Economist Pocket Asia is an essential guidebook for any individual seeking to learn about the economy of Asia, providing an overview of the region's history, politics, and potential future developments. The book's easily accessible format makes it a convenient resource for busy professionals, students, and travelers alike, who can quickly gain insight into the vast and diverse continent of Asia.
Financial Accounting - Information For Decisions - Thryft
Thomas L. Albright, Robert W. Ingram, Bruce A. Baldwin  | Cengage Learning

Financial Accounting - Information For Decisions

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Goodreads rating: 3.36

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This book on Financial Accounting provides a clear, concise and directional learning path for all students. With its innovative approach, students who choose accounting careers will be able to drive excellence in their own careers. Its coverage of ethical dilemmas is especially noteworthy in the present times. Therefore, this book could be a great choice for anyone who wants to learn the language of business and explore the ethical challenges in Accounting.
The Essence of Capitalism : The Origins of Our Future - Thryft
Humphrey McQueen | Hodder Headline Australia

The Essence of Capitalism : The Origins of Our Future

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Goodreads rating: 3.75

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This book would be a good read for those interested in understanding the inner workings of large corporations and their impact on society. McQueen's analysis of the power and single-mindedness of corporations is a unique and intriguing perspective. Readers can expect a thorough exploration of the origins of capitalism and its potential future implications.
Mergers, Acquisitions, and Other Restructuring Activities: An Integrated Approach to Process, Tools, Cases, and Solutions - Thryft

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If you're navigating the intricate world of mergers, acquisitions, and corporate restructurings, this book can serve as a reliable compass. By blending theory with practical case studies, it gives you a real-world perspective on the strategies, challenges, and outcomes of these critical business events. The updates with current regulations and international examples make it a topical read for staying informed in the dynamic financial landscape.
Statistics for Business Decision Making and Analysis - Thryft
Robert Stine | Pearson

Statistics for Business Decision Making and Analysis

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Goodreads rating: 3.92

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If you're looking to sharpen your decision-making skills with the help of data, this book could be a game-changer. It's not just about learning statistical methods; Stine and Foster help you understand how to apply these tools effectively to solve real business problems. With clear examples and a focus on practical application, this book is like having an expert mentor guide you through the complex world of business statistics.

Unlock the World of Economics

At Thryft, our Economics collection opens up pathways to understanding complex economic theories and real-world applications. Whether you’re interested in microeconomics, macroeconomics, or behavioural economics, our carefully curated selection is designed to enrich your knowledge. Discover works from Nobel laureates and renowned economists that are essential for students, professionals, and enthusiasts who crave a deeper understanding of the economy.