Review A Concise Guide to Macroeconomics: What Managers, Executives, and Students Need to Know
by DAVID MOSS
Macroeconomics should be clearly understood and precisely practiced by managers and entrepreneurs to ensure effective management. A Concise Guide to Macro Economics presents key concepts essential to exhibit effective playing of a crucial role in the economic society. David Moss concisely presents the necessary tools for effective interpretation of the large economic structure and recent significant developments leading to a transformational business paradigm.
This material will significantly impact the economy books and will turn as a must-have reference for business leaders out to improve their know-how of macroeconomics.
About the Author
David Moss is a veteran lecturer of Business Administration at Harvard Business School. He is also an economist, rendered his services at Abt Associates.
Table of Contents
The book presents the following topics arranged as follows:
Part I – Understanding the Macro Economy
Measuring National Output
Exchange of Output Across Countries
What Makes Output Go Up and Down?
Isn’t Wealth More Important Than Output?
Money and Its Effect on Interest Rates, Exchange Rates, and Inflation
Nominal Versus Real
Money and Banking
The Art and Science of Central Banking
Expectations and Inflation
Expectations and Output
Expectations and Other Macro Variables
Part II – Selected Topics-Background and Mechanics
- A Short History of Money and Monetary Policy in the United States
Defining the Unit of Account and the Price of Money
The Gold Standard: A Self-Regulating Mechanism?
The Creation of the Federal Reserve
Finding the Right Monetary Rule Under a Floating Exchange Rate
The Transformation of American Monetary Policy
- The Fundamentals of GDP Accounting
Three Measurement Approaches
The Nuts and Bolts of the Expenditure Method
GDP Versus GNP
Historical and Cross-Country Comparisons
Investment, Savings, and Foreign Borrowing
- Reading a Balance of Payments Statement
A Typical Balance of Payments Statement
Understanding Credits and Debits
The Power and Pitfalls of BOP Accounting
- Understanding Exchange Rates
The Current Account Balance
Inflation and Purchasing Power Parity
Making Sense of Exchange Rates
About the Author