Who is this book for? | This book is for anybody who want to get their basics of Microeconomics as a mental model in their minds. It serves relatively complicated ideas in very simple terminology by use of cartoons and user personas. Its a reading breeze, funny , time well spent.
Product Managers, Data Scientists, Marketing Managers etc will surely benefit by understanding economics better. This book serves the purpose.
My personal OKR(Objective and Key Results) of reading various books on various genres is to collect mental models and form a latticework. Anybody interested in doing the same can surely put this book on their reading list
The Book Covers Topics such as Part 1:Unemployment, Money, Inflation-Consumer Price Index, Gross Domestic Product(GDP Metric to evaluate countries), Why GDP is not a holistic metric in measuring the overall success of a country, The role of Government-Use Monetary and Fiscal policy to get short term stability eyeing long term growth. Part2: Trade and Tech, How both provide higher outputs for the same amount of input, how both create losers in the short term but better for all in the long term, Typical complications involved between countries during trade and tech enhancements, Trade wars is a lose lose situation, Foreign Aid and Foreign Currencies. Part3: The end of business cycle, poverty, Climate crises on planet earth, how to mitigate this risk, youth and average age of countries, they are becoming old.
Note: The read is light and does not go into details, the objective of the author is I guess to bring out the intuition of micro economics in as simple way as possible which he succeeds. This read or book is for somebody who quickly wants to get a hang of economics in least amount of time. Further reading can get into details.
Rating this book a 4 out of 5 for the purpose expected and met.