Macroeconomics for Managers

by Michael K. Evans (Formerly Northwestern University)

• ISBN13: 9781405142243
• ISBN10: 1405142243
• Format: eBook
• Copyright: 2008-04-01
• Publisher: Wiley-Blackwell

Summary

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.

Table of Contents

Preface and Acknowledgements

Introductory Concepts:

The Importance Of Macroeconomics

National Income And Product Accounts (Nipa)

Key Data Concepts: Inflation, Unemployment, And Labor Costs

Aggregate Demand And Joint Determination Of Output And Interest Rates:

The Consumption Function

Investment And Saving

Determination Of Interest Rates And Introduction To Monetary Policy

Joint Determination Of Output And Interest Rates: The Is/Lm Diagram

Aggregate Supply: Inflation, Unemployment, And Productivity:

Causes And Cures For Inflation

Why High Unemployment Persists

Aggregate Supply, The Production Function And The Neoclassical Growth Model

The International Economy:

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

Cyclical Fluctuations:

Business Cycles

Cyclical Fluctuations In Components Of Aggregate Demand

Cyclical Fluctuations In Financial Markets

Policy Analysis And Forecasting:

Fiscal Policy And Its Impact On Productivity Growth

Monetary Rules And Policy Analysis

Macroeconomic Forecasting: Methods And Pitfalls

Bibliography and Further Reading

Index

Table of Contents provided by Publisher. All Rights Reserved.