Description
Book SynopsisInterpreting and applying macroeconomic analysis to the global economic environment and understanding the tools used to do so is fundamental to making good managerial decisions. Presuming no background in economic theory and prioritizing international application, this textbook introduces macroeconomics to business students. It explains how to understand domestic and global macroeconomic developments, policies, and data, and makes extensive use of case studies and data sets to present modern macroeconomics in a globalized world. Each chapter has several specific data exercises and practices as well as an international application focusing on the global perspective. By providing a host of international material, this book is useful for instructors and students around the globe.
Trade Review'This textbook is an invaluable resource for business students and practitioners interested in various macroeconomic topics and the most pressing issues of macro policy. Davidson, Hauskrecht, and von Hagen rigorously introduce the foundations of modern macroeconomic theory with clarity and grace. The depth and breadth of the macroeconomic analyses make this book a necessary reference for students and business executives.' Sunny Wong, University of Houston
'Davidson, Hauskrecht, and von Hagen provide a modern and thorough approach to macroeconomics, loaded with go-to time-series indispensable for managers, policy-makers, and researchers alike. They also develop a simple and elegant common model that carries across chapters, ideal for Business-oriented Master's programs. With emphasis on an ever more global business arena, Macroeconomics for Business is a unique blend of currency in the field and theoretical parsimony for a data-driven world.' Luis Portes, Montclair State University
Table of ContentsPreface; List of figures; List of tables; List of boxes; A note to the reader; 1. Macroeconomic concepts and indicators; 2. Aggregate demand; 3. Aggregate supply and short-run equilibrium; 4. Monetary policy and aggregate demand; 5. Fiscal policy and aggregate demand; 6. Monetary and fiscal policy in the long run; 7. Economic growth; 8. International trade, exchange rates and capital flows; 9. Free trade and protectionism; Index.
