Michael K.Evans – Macroeconomics for Managers
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Description
This text offers business school students an excellent practical explanation of the short-term linkages in the macroeconomic arena. While the underlying theoretical constructs are not ignored, emphasis is placed on the empirical underpinnings and managerial implications of macroeconomics. The text begins by introducing key concepts such as the GDP, National and Personal Income, and the various measures of inflation and unemployment. Building on this foundation it then analyzes the following aspects of macroeconomics: aggregate supply and demand, international financial markets, cyclical fluctuations, policy analysis, and forecasting.- Engages the reader with detailed case studies and “Manager’s Briefcase” discussions.
- Focuses on the short-term linkages in macroeconomics.
- Uses an empirically oriented approach, while also explaining underlying theoretical constructs.
- Includes chapter summaries, key concepts, and practice questions.
- Lecturer resources available at http://www.blackwellpublishing.com/mfm/
Table of Contents
Preface and Acknowledgements. Part I: Introductory Concepts:.- The Importance Of Macroeconomics.
- National Income And Product Accounts (Nipa).
- Key Data Concepts: Inflation, Unemployment, And Labor Costs.
- Why High Unemployment Persists.
- Aggregate Supply, The Production Function And The Neoclassical Growth Model.
- Basic Determinants Of Exports And Imports.
- International Financial Markets.
- The Mundell-Fleming Model Joint Determination Of Output, Interest Rates, Net Exports, And The Value Of The Currency.
- Case Studies In International Trade.
- Business Cycles.
- Cyclical Fluctuations In Components Of Aggregate Demand.
- Cyclical Fluctuations In Financial Markets.
- Fiscal Policy And Its Impact On Productivity Growth.
- Monetary Rules And Policy Analysis.
- Macroeconomic Forecasting: Methods And Pitfalls.