Concise Guide to Macroeconomics Understanding the Big Picture

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.Moss, David A. is the author of 'Concise Guide to Macroeconomics Understanding the Big Picture', published 2007 under ISBN 9781422101797 and ISBN 1422101797.