As
the name indicates this book is actually a little book of economics. Greg IP
discusses about different macro-economic aspects in simple terms with 15
little chapters. One will not be an expert by studying this book but will get surface
level idea on various issues of economics. He discusses about economic growth,
economic cycle, inflation, unemployment, central banks, fiscal and monetary
policies etc. This book is written in the US perspective but basic concept is applicable
for every economy.
Long
run growth of an economy depends on two factors i.e. population and
productivity of an economy. Population determines the supply of workers and the
growth of population is subjected to longevity of people, number of women in
child-bearing age, number of babies per women, and migration of people from
other countries.




