Gregory R. Woirol

Demystifying Economic Markets and Prices (eBook, PDF)

Understanding Patterns and Practices in Everyday Life

• Format: PDF

Produktbeschreibung

From the price of a candy bar to the price of a house, Woirol's book demystifies prices and markets. Why do we use them, how do they work, and what can we do to make them work for us? Some of the prices we come across every day cause us few problems, while others seem mysterious, frustrating, and even unfair. In this refreshing and entertaining approach to the "dismal science," Greg Woirol shows how we, uniquely among living creatures, use markets and prices to help organize our lives. Ranging from the price of diamonds, to cell phone plans, high fashion, scalped tickets, Christmas gifts, and much more, chapters in Demystifying Economic Markets and Prices build on one another to explain hidden structural and behavioral patterns. Woirol brings clarity to the arcane world of economics, allowing readers to see patterns and meaning in a wide range of everyday prices and markets. Along the way, the author gives advice about how best to address the issues and opportunities that markets create for consumers.

Produktdetails

• Verlag: Bloomsbury Publishing Inc
• Seitenzahl: 170
• Altersempfehlung: ab 7 Jahre
• Erscheinungstermin: 3. September 2019
• Englisch
• ISBN-13: 9781440872532
• Artikelnr.: 68183857

Autorenporträt

GREGORY R. WOIROL is Professor of Economics and holder of the Richard and Billie Deihl Distinguished Chair at Whittier College. Dr. Woirol has published numerous books and journal articles dealing with subjects in economics.

Inhaltsangabe

Acknowledgments Introduction: Markets and Prices in Everyday Life Chapter 1 Candy Bars
Used Cars
and Superstars: Patterns and Practices in Markets and Prices Chapter 2 401(k)s
Lotto
Cell Phone Plans
and Diamonds: Structural and Behavioral Factors and Market Prices Chapter 3 Fashion
Fads
and Brands: Information Gaps as a Structural Factor Chapter 4 Santa Claus
Ticket Scalping
and Gift Cards: Information Gaps in Everyday Markets Chapter 5 Bait-and-Switch
Counterfeit Goods
and Low-Price Guarantees: How Sellers Can Take Advantage of Information Gaps Chapter 6 Computer Repairs
Mortgage Loans
Hidden Fees
and Credit Cards: Products Bought from Experts and Groups of Buyers as Structural Factors Chapter 7 Music and the Erie Canal
College Tuition
and Good Monopoly Prices: Technological Change
Buyer Characteristics
and Barriers to Entry as Structural Factors Chapter 8 Shopping Malls
Whales
and Prescription Drugs: The Absence of Normally Expected Features in Markets Chapter 9 Halloween Candy
Soft Drinks
Senior Citizen Discounts
and College Grants: Buying More at a Lower Price as a Behavioral Factor Chapter 10 High-Paid Jobs
Tenure
and Why Are There So Many Lawyers?: Structural and Behavioral Factors in Labor Markets Chapter 11 Beauty
Orchestra Auditions
and the Rat Race: Behavioral Biases and Information Gaps in Labor Markets Chapter 12 How People Shop
the Great Recession
and the End of the Soviet Union: Markets and Prices Can Be Challenging
but the End Result Is Positive References Index