Does money make the world go round? Can wealth buy happiness? What would happen if a bank simply printed more money?Find out the answers to these questions and much more in Heads Up Money. Using real-life scenarios, you will learn abou a variety of topics including supply and demand, free trade, globalization, and financial crises. Packed with colourful graphics and easy-to-follow text, this indispensable book will help you understand money and the role it plays in our world.This comprehensive volume also explores international financial institutions, ethical trade, and how to run an efficient and successsful business. Whether you're analysing the global marketplace, studying booming market trends and how to make use of them, calculating hidden costs, or deciding between investing, spending, or saving, Heads Up Money will help you navigate the tricky waters of economics and financial planning.Written by renowned author Marcus Weeks in consultation with Derek Braddon, Professor of Economics at UWE Briston Business School, this book is the perfect introduction to the world of money and finance for teenagers and young adults.
Dorling Kindersley (DK) is a British multinational publishing company specializing in illustrated reference books for adults and children in 62 languages. It is part of Penguin Random House, a consumer publishing company jointly owned by Bertelsmann SE & Co. KGaA and Pearson PLC. Bertelsmann owns 53% of the company and Pearson owns 47%.
Established in 1974, DK publishes a range of titles in genres including travel (including Eyewitness Travel Guides), arts and crafts, business, history, cooking, gaming, gardening, health and fitness, natural history, parenting, science and reference. They also publish books for children, toddlers and babies, covering such topics as history, the human body, animals and activities, as well as licensed properties such as LEGO, Disney and DeLiSo, licensor of the toy Sophie la Girafe. DK has offices in New York, London, Munich, New Delhi, Toronto and Melbourne.
When I first opened HEADS UP MONEY by DK Children, I realized right away that the content of the book was very different from what I had expected. I am just starting to handle money independently from my parents, so I think I was looking for tips on how to save more money and how to make more money. Making money isn’t so easy when you are 14, so I was eager to read about new ideas that maybe I hadn’t thought of yet.
When you first open the book, you come across an explanation of what economists do in academic, public and private sectors. I haven’t had economics yet at school since I’m just in my freshman year, but we have had a career day where we had the chance to speak with parents of various professions, so I can see why this sort of explanation of what a specific type of economist would do --- and where they might work --- would be useful.
This explanation also lays the structure for the rest of the book, which is more of a big-picture understanding of money than a how-money-applies-to-my-life understanding. The author points out that “Economics comes from the Greek meaning ‘household management.’” However, the focus of most of this book is not so much on household management of money, or the management of my wallet, but on more broad economic factors in society and the world.
After providing an explanation of the work of economists and an overview of economics, the author divides the book into chapters that ask these questions about money: “What’s it worth?” “Does money make the world go round?” “Can money buy happiness?” and “What’s in my pocket?” There are so many rich details under each heading that one could probably spend an entire semester in an economics class and barely scratch the surface of all the topics that are raised.
Personally, for someone my age whose curiosity is about making and managing the little money that I make through allowance, I found the final chapter “What’s in my pocket?” to have the greatest appeal. I kept looking at the illustration of the trees growing as they accumulated interest. I found them to be interesting visually because they take the math related to interest out of its abstract form and put it into a shape that can be easily understood. It also made me want to look into getting a savings account that would accumulate interest.
I’ve been thinking about where this book would go on my bookshelf, and it seems more of a reference guide than a Dummies “how-to” guide. If I were taking a high school economics course, I would definitely want a copy of HEADS UP MONEY around to use as s resource when I am struggling to understand a concept. The writing is very clear and there are a lot of little quotes and information bubbles that make it fun to flip though. However, I would probably go to a Dummies guide on personal finance for managing my own money because they offer those cheat sheets that give very specific directions for how to understand and approach a goal.
This is an average financial novel. There are many good strategies for saving money that many people would find useful. For example, my favorite tip that the author gives is to only spend 20% of your weekly paycheck, and save the rest of it to invest and for emergency funds. The author also emphasized how important emergency funds are because you never know what can happen. On the other hand, there are many unrealistic tips on how to invest in the stock market. Many people would not understand what the author is trying to say when he explains certain techniques used to make profit in the stock market. On the other hand, the author says a great quote to make sure people feel confident with not spending a fortune on everything. The author says, “Your friends and family may not understand why you're cutting back. Don't worry, it's worth it". Overall, it is a good read to learn how to save money, but not a great book to learn how to make money.
This was a clear, easy to follow introduction to the basics of economics and finance. It didn't say too much on personal finance/saving that I didn't already know, but I learned a great deal about trade, how banks work, basics of macro and micro economics, and the history of economic theories, just to name a few examples. The full-colour graphics were also very helpful in keeping everything lucid and understandable.
Definitely check this out if you want to know the basics of economics, or if you're thinking of going into it as an academic subject but unsure if you'll like it!
This book helped me really understand economics! It was written in a way that makes it fun and enjoyable to read, and doesn't put me to sleep! It was fun and colorful while still giving a lot of information. For example, The different side notes were colorful and were in general just visually appealing. The pictures helped a lot too, just to help me understand what the words were saying!
Interesting. I was cruising the YA section and was curious as to what this book had to offer on the subject. I would suggest this for my younger siblings.
As long as central banks and credit creation exist, there is a limit to how much money we as citizens can increase. So why don't we stop thinking about making so much money?