In this revised and updated edition of A Concise Guide to Macroeconomics, David A. Moss draws on his years of teaching at Harvard Business School to explain important macro concepts using clear and engaging language.
This guidebook covers the essentials of macroeconomics and examines, in a simple and intuitive way, the core ideas of output, money, and expectations. Early chapters leave you with an understanding of everything from fiscal policy and central banking to business cycles and international trade. Later chapters provide a brief monetary history of the United States as well as the basics of macroeconomic accounting. You’ll learn why countries trade, why exchange rates move, and what makes an economy grow.
Moss’s detailed examples will arm you with a clear picture of how the economy works and how key variables impact business and will equip you to anticipate and respond to major macroeconomic events, such as a sudden depreciation of the real exchange rate or a steep hike in the federal funds rate.
Read this book from start to finish for a complete overview of macroeconomics, or use it as a reference when you’re confronted with specific challenges, like the need to make sense of monetary policy or to read a balance of payments statement. Either way, you’ll come away with a broad understanding of the subject and its key pieces, and you’ll be empowered to make smarter business decisions.
Table of contents
- Cover Page
- Title Page
- Copyright Page
- Dedication Page
- Contents Page
Part I: Understanding the Macro Economy
- 1 Output
- 2 Money
- 3 Expectations
Part II: Selected Topics: Background and Mechanics
- 4 A Short History of Money and Monetary Policy in the United States
- 5 The Fundamentals of GDP Accounting
- 6 Reading a Balance of Payments Statement
- 7 Understanding Exchange Rates
- About the Author
- Title: A Concise Guide to Macroeconomics, Second Edition
- Release date: July 2014
- Publisher(s): Harvard Business Review Press
- ISBN: 9781625271976
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