Review A Concise Guide to Macroeconomics: What Managers, Executives, and Students Need to Know
by DAVID A. MOSS
As the financial structure continues to shift and change, there is an urgent need for executives and managers to understand the larger economic framework more than ever deeply. In this book, A Concise Guide to Macroeconomics, the author drew insights and utilized decades of teaching at Harvard Business School to arrive at a more intensive explanation of necessary macroeconomic concepts. In a comprehensive and accurate narrative, he divided the whole macroeconomic concept into three foundations.
Through straightforward and intellectual delivery, three fundamental concepts of output, money, and expectations are presented and meticulously discussed. The first part is a rundown of these three core concepts, gradually transitioning to a more in-depth discussion to the second part. This kind of framework allows more comprehensive and sophisticated learning in order for readers to the full apply economic theories into practice.
Adding to the overall structure of the book, Moss provides introductory lessons to the most efficient instruments helpful in interpreting economic and large-scale developments that molds the existing financial structure. Moreover, the author included sophisticated examples from financial archives and history to reinforce important concepts.
With the authoritative tone, this book was mainly published to become the primary guide for MBA programs. Discussions also appeal to executives and managers’ needs, with a focus on a higher level of knowledge acquisition about macroeconomics principles.
About the Author
DAVID A. MOSS holds the honorary title of Paul Whiton Cherington Professor at Harvard Business School. His academic specializations involve Business, Government, and the International Economy. He acquired his BA degree from Cornell University and his Ph.D. from Yale University.
Table of Contents
PART ONE- UNDERSTANDING THE MACRO ECONOMY
- Chapter One- Output
- Chapter Two- Money
- Chapter Three-Expectations
PART TWO- SELECTED TOPICS-BACKGROUND AND MECHANICS
- Chapter Four- A Short History of Money and Monetary Policy in the United States
- Chapter Five- The Fundamentals of GDP Accounting
- Chapter Six- Reading a Balance of Payments Statement
- Chapter Seven- Understanding Exchange Rates
About the Author