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A concise guide to macroeconomics: what managers, executives, and students need to know

Author: Moss, David A. Publisher: Harvard Business School Press, 2007.Language: EnglishDescription: 189 p. ; 24 cm.ISBN: 1422101797Type of document: BookBibliography/Index: Includes bibliographical references and index and glossary
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Book (short loan) Asia Campus
Textbook Collection
Print HB172.5 .M67 2007
(Browse shelf)
900212210
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Book (short loan) Asia Campus
Textbook Collection
Print HB172.5 .M67 2007
(Browse shelf)
900212221
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Book Europe Campus
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Print HB172.5 .M67 2007
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001227093
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Includes bibliographical references and index and glossary

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A Concise Guide to Macroeconomics What Managers, Executives, and Students Need to Know Contents Acknowledgments Introduction ix 1 Part I Understanding the Macro Economy 1 Output Measuring National Output 8 Exchange of Output Across Countries 11 What Makes Output Go Up and Down? 19 Isn't Wealth More Important Than Output? 26 7 2 Money Money and Its Effect on Interest Rates, Exchange Rates, and Inflation 34 Nominal Versus Real 39 Money and Banhing 55 The Art and Science of Central Banhing 58 33 3 Expectations Expectations and Inflation 68 Expectations and Output 72 Expectations and Other Macro Variables 83 67 Part II Selected Topics--Background and Mechanics 4 A Short History of Money and Monetary Policy in the United States Defining the Unit of Account and the Price of Money 88 The Gold Standard: A Self-Regulating Mechanism? 89 The Creation of the Federal Reserve 91 Finding the Right Moneta?), Rule Under a Floating Exchange Rate 93 The Transformation of American Monetary Policy 95 87 5 The Fundamentals of GDP Accounting Three Measurement Approaches 100 The Nuts and Bolts of the Expenditure Method 101 Depreciation 104 GDP Versus GNP 105 Historical and Cross-Country Comparisons 106 Investment, Savings, and Foreign Borrowing 110 99 6 Reading a Balance of Payments Statement A Typical Balance of Payments Statement 116 Understanding Credits and Debits 118 The Power and Pitfalls of BOP Accounting 121 115 7 Understanding Exchange Rates The Current Account Balance 125 Inflation and Purchasing Power Parity 127 Interest Rates 128 Making Sense of Exchange Rates 129 125 Conclusion Glossary Notes Index About the Author 133 143 165 173 189

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