Synopses & Reviews
Understanding the Ground Rules for the Global EconomyIn this revised and updated edition of A Concise Guide to Macroeconomics, David A. Moss draws on his years of teaching at Harvard Business School to explain important macro concepts using clear and engaging language.
This guidebook covers the essentials of macroeconomics and examines, in a simple and intuitive way, the core ideas of output, money, and expectations. Early chapters leave you with an understanding of everything from fiscal policy and central banking to business cycles and international trade. Later chapters provide a brief monetary history of the United States as well as the basics of macroeconomic accounting. Youll learn why countries trade, why exchange rates move, and what makes an economy grow.
Mosss detailed examples will arm you with a clear picture of how the economy works and how key variables impact business and will equip you to anticipate and respond to major macroeconomic events, such as a sudden depreciation of the real exchange rate or a steep hike in the federal funds rate.
Read this book from start to finish for a complete overview of macroeconomics, or use it as a reference when youre confronted with specific challenges, like the need to make sense of monetary policy or to read a balance of payments statement. Either way, youll come away with a broad understanding of the subject and its key pieces, and youll be empowered to make smarter business decisions.
Review
Praise for
A Concise Guide to Macroeconomics:
Richard Vietor, Senator John Heinz Professor of the Environment at Harvard Business School; author of How Countries Compete
An incredibly clear and sophisticated introduction to macroeconomics.”
Robert Solow, Institute Professor Emeritus at the Massachusetts Institute of Technology; Nobel Laureate in Economics
Any critical observer of current debates about the state of the macro economy needs a clear understanding of a half-dozen basic concepts, how they are measured, and how they are connected. David Mosss short, jargon-free book provides just that. It does not tell you what should be done, but how to begin thinking about what should be done.”
Julio Rotemberg, William Ziegler Professor of Business Administration, Harvard Business School
An extraordinary pedagogical achievement. The tight focus on the macroeconomics that are essential for understanding the business environment and the lucidity of the writing make this an ideal text for business students and executives.”
Synopsis
What managers need to know about macroeconomicsbut are afraid to askNow 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. Now fully updated, this classic resource also includes a new chapter on the global financial crisis.
In a simple and intuitive way, Moss breaks down the ideas into output, money, and expectations. He also introduces powerful tools for interpreting the big-picture economic developments that shape events in the contemporary business arena. The book includes detailed examples drawn from history to illuminate important concepts and leaves the reader with a clearer picture of how our economy actually worksand what impact in has on business.
A classic resource by a leading thinker in the field, A Concise Guide to Macroeconomics is the primer on macroeconomics every manager needs.
About the Author
David Moss is the John G. McLean Professor at Harvard Business School, where he teaches in the Business, Government, and the International Economy (BGIE) unit. He earned his BA from Cornell University and his PhD from Yale. In 19921993 he served as a senior economist at Abt Associates. He joined the Harvard Business School faculty in July 1993. Professor Moss is the founder of the Tobin Project, a nonprofit research organization, and a member of the National Academy of Social Insurance.