DAY TO DAY

ECONOMICS
Book Review
By Prateek Singla
IIM Ahmedabad Business
Book Series
Strategies for Growth
The Persuasive Manager
Day to Day Economics
Being Ethical
The IIMA Story
Strategies for future : Understanding International Business
Business and Intellectual Property
Why I am paying more
Book Details
Author Satish Y. Deodhar
Publication Year 2012
Publisher Random House India
Language English
Binding Paperback
Pages 232
Cover Design Avinash Jai Singh
About Author
Satish Y. Deodhar is a professor and a writer.
He teaches economics at the IIMA.
He holds a BA from Gokhale Institute of Politics and
Economics, and an MA and Ph.D from Ohio State University.
He specializes in the study of food quality, imperfectly
structured competitive markets, the functioning of the
WTO, and agricultural trade. Deodhar has also done
consultancy work for the Indian Government, the United
States Department of Agriculture and also for Indian Bank.
Currently, he chairs the one-year Post Graduate
Programme in Management for Executives (PGPX).
Other books by Satish
Deodhar
Market Integration And Market Access
For Agricultural Commodities In India
Strategic Food Quality Management:
Analysis Of Issues And Policy Options
Indias Apple Market: Prospects And
Policies For Trade.
Why I am paying more
Overview of Book
Day to Day Economics, explains all the concepts and rules
of economics to the readers in a way that is easy for them
to understand.
It explains how countrys economy affect the earning power
of the common man, their spending power, the prices of
goods, the employment conditions, the business conditions
and so much more.
Day to Day Economics includes a number of illustrative
examples and relevant case studies.
This book is a concise and easy to follow introduction to
economics.
First half of book
Day to Day Economics starts with an introductory chapter
that provides a birds eye view of everything the book
covers.
First Chapter explains economic institutions, the different
functions of the government and private sectors.
Second chapter addresses government budgets and deficits
and how it affects the common man. It explains the various
aspects of the budget, taxation and budget deficits.
The third chapter takes a look at stock markets and banks. It
explains how fluctuations in the stock market affects the
economy. It also goes into the functioning and governance
of the banking industry.
Second half of book
The fourth chapter examines the concept of free trade and
the role played by institutions like the World Trade
Organization.
The fifth chapter addresses a topic that will resonate the
most with readers, the increasing prices of essential goods,
the concept of inflation, the reason behind the rising price
of food.
The sixth chapter looks at various factors that affect an
economys growth and recession.
The seventh chapter looks at fiscal and monetary policies
and explains why the economic growth of the country has
been experiencing seems lopsided.
Epilogue - Ecologue
The final chapter then brings it all together and summarizes
the concepts and provides some final observations.
Book ends with a crossword puzzle to solve and glossary of
the most commonly used terms in economics.
Unique Selling Proposition
Simplicity of language
Case Studies
Ready Reckoner
References
Eminent Author
Takeaways from this book
Economics is fun in reading.
There is an easy way to understand economics.
Economics helps us explain most of the social and political
decisions happening in and around our life.
Economics is something which we observe in day to day
life.
Hidden economics behind various government domestic
and foreign trade policies.