A Concise Guide to Macroeconomics: What Managers, Executives, And Students Need To Know - Hardcover

Moss, David A.

Hardcover

ISBN 10: 1422101797 ISBN 13: 9781422101797

Publisher: Harvard Business Review Press, 2007

Synopsis

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About this title

About the Author

David A. Moss is the John G. McLean Professor of Business Administration at Harvard Business School.

From the Back Cover

KNOW THE GROUND RULES for the global economy. Rates headed down? Inflation
heating up? What's the Fed thinking? For thoughtful professional in
business, government, and the nonprofit sector, such macroeconomic
questions anything but academic. From currency crises to bursting bubbles,
the global economy is full of pitfalls. In this environment, a practical
understanding of macroeconomic concepts has become an essential management
tool.

A Concise Guide to Macroeconomics, by Harvard Business School Professor
David A. Moss, is an accessible primer on macroeconomics theory and
practice. Fiscal and monetary policy help set the ground rules for the
global economy, and the guide illuminates, through current and historical
examples, how and why the rules keep changing. Professor Moss explains the
basic relationships between various macroeconomic phenomena and how they
help shape the global economy. The heart of the guide is a logical
presentation of macroeconomic building blocks:

OUTPUT--How the Value of goods and services that a nation produces (GDP) is
measured, and why this output ultimately determines its standard of living.

MONEY-- How the money supply and various "prices" of money--the interest
rate, the exchange rate, and the price level (and thus inflation)--affect
the overall economic environment.

EXPECTATIONS--How expectations of key macroeconomic factors (such as
inflation and interest rate changes) and of the underlying strength of the
economy can shape the decisions of economic actors, from consumers to
businesses to governments.
Professor Moss also explores some of the controversial question that
animates current economic policy debate:

Is the American current-account deficit threat to the economy?
Is the deficit spending by government an effective economic stimulus?
Can investment in stocks and bonds "save" Social Security?
Avoiding simplistic solutions, A Concise Guide to Macroeconomics instead
presents the basic principles and relationships at the core of such
questions. It demonstrates at the core of such questions. It demonstrates
how macroeconomics instead presents the basic principles and relationships
at the core of such questions. It demonstrates how macroeconomic phenomena
affect the relative risks and rewards of decisions made by the executives
and managers everyday.

From the Inside Flap

Now more than ever before, executives and managers need to understand their
larger economic context. In A Concise Guide to Macroeconomics, David Moss
leverages his many years of teaching experience at Harvard Business School
to lay out important macroeconomic concepts in engaging, clear, and concise
terms. In a simple and intuitive way, he breaks down the ideas into
"output," "money," and "expectations." In addition, Moss introduces
powerful tools for interpreting the big-picture economic developments that
shape events in the contemporary business arena. Detailed examples are also
drawn from history to illuminate important concepts.
This book is destined to become a staple in MBA courses--as well as the
go-to resource for executives and managers at all levels seeking to brush
up on their knowledge of macroeconomic dynamics.

Edition details

• Publisher: Harvard Business Review Press
• Publication date: 2007
• Language: English
• ISBN 10: 1422101797
• ISBN 13: 9781422101797
• Binding: Hardcover
• Number of pages: 208