Summary Of David A Moss S A Concise Guide To Macroeconomics Second Edition
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A Concise Guide to Macroeconomics, Second Edition
Author: David Moss
language: en
Publisher: Harvard Business Review Press
Release Date: 2014-07-15
Understanding the Ground Rules for the Global Economy 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.
Macroeconomics for Professionals
Author: Leslie Lipschitz
language: en
Publisher: Cambridge University Press
Release Date: 2019-01-23
Understanding macroeconomic developments and policies in the twenty-first century is daunting: policy-makers face the combined challenges of supporting economic activity and employment, keeping inflation low and risks of financial crises at bay, and navigating the ever-tighter linkages of globalization. Many professionals face demands to evaluate the implications of developments and policies for their business, financial, or public policy decisions. Macroeconomics for Professionals provides a concise, rigorous, yet intuitive framework for assessing a country's macroeconomic outlook and policies. Drawing on years of experience at the International Monetary Fund, Leslie Lipschitz and Susan Schadler have created an operating manual for professional applied economists and all those required to evaluate economic analysis.
Summary of David A. Moss's A Concise Guide to Macroeconomics, Second Edition
Author: Everest Media,
language: en
Publisher: Everest Media LLC
Release Date: 2022-04-26T22:59:00Z
Please note: This is a companion version & not the original book. Sample Book Insights: #1 The notion of national output is at the heart of macroeconomics. The total amount of output produced by a country constitutes its ultimate budget constraint. A country can only use more output than it produces if it borrows the difference from foreigners. #2 The most widely used measure of national output is gross domestic product, which is the value of all the goods and services produced in an economy. To avoid counting the same output more than once, it is best to focus on the value added at each stage of production. #3 The expenditure method is the standard approach to calculating GDP. It is the market value of all final goods and services produced within a country over a given year. Government officials typically divide expenditure on final goods and services into five categories: consumption by households, investment in productive assets, government spending on goods and services, exports, and imports. #4 GDP is the total output of a country, and it is measured by focusing on national income. National income is the amount paid to factors of production, labor and capital, for their services.