Good Economics Books

[tommog]

HI

I've run out of books to read and am looking for a good economics book that give you an overview of how all aspects of the economy fit together on a macro level.
Despite being a proprietary trader or "local" for a year or so 95% of the job involves anticipating and taking advantage of short moves and market inefficiencies, tradings going well (for now..) so want to improve my ability at reading the market more fundamentally which is a very different skill.If any of you have read a good book on the topic it would be good to hear your recommendation

Cheers

 

[grantx]

Tom,

I always confuse 'macro' and 'micro'. However, the following standard textbooks may help.

Principles of Corporate Finance by Brealey & Myers.

Almost a thousand pages but cheap. This is a brilliant book and witty. Covers everything: common stocks, bonds/debt, options, warrants and convertibles, hedging, fx, money markets, risk/return, financing decisions, etc. Basically, this an economics of everything on a macro (?) level.

For a micro and macro treatment, look at Economics by Begg, Fischer and Dornbusch. Again, cheap at over 600 pages.

Covers, inter alia, supply/demand, market structure, competition, risk, fiscal policy, banking, international trade, etc.

Once you've read these and stuck once more for something to read, try Tolstoy's War and Peace or Gibbon's Decline and Fall of the Roman Empire. They'll keep you going for a few a hours.

Grant.

 

[survivor]

A great book is:

The Economic Way of Thinking - Heynes

It does not assume that one is a Phd. in mathematics and is now in the 9th edition.

 

[tommog]

thanks for the suggestions guys