Updated to reflect recent changes in the economic landscape, this basic primer for the general reader offers a balanced and very easy to follow explanation of both micro and macroeconomic concepts. Divided into 6 sections, the book begins with an overview of how markets work and includes chapters on the GDP, how to interpret data, and the basics of supply and demand. The sections progress to thoroughly explain capitalism, the government and its role in the economy, the banking system, and the global economy. The final chapters cover situational economics including US health care, environmental sustainability and policy, and how to critically evaluate economic reporting. Includes a list of resources and recommendations for additional reading. Annotation ©2012 Book News, Inc., Portland, OR (booknews.com)