MICHAEL K.EVANS – MACROECONOMICS FOR MANAGERS

The short-term linkages in the macroeconomic arena are explained in this text. While the underlying theoretical constructs are not ignored, emphasis is placed on the managerial implications of macroeconomics. The GDP, National and Personal Income, and various measures of inflation and unemployment are some of the concepts introduced in the text. The following aspects of macroeconomics are analyzed: aggregate supply and demand, international financial markets, 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.
• Lecturer resources available at https://www.blackwellpublishing.com/mfm/

TABLE OF CONTENTS

Acknowledgements and preface.

The first part is called Introductory Concepts.

1. The Importance Of Macroeconomics.
2. National Income And Product Accounts (Nipa).
3. Key Data Concepts: Inflation, Unemployment, And Labor Costs.

Aggregate demand and joint determination of output and interest rates are part 2.

The consumption function is related to the consumption function.

There is investment and saving.

Monetary policy is determined by interest rates.

The Is/Lm diagram shows the joint determination of output and interest rates.

Aggregate supply includes inflation, unemployment, and productivity.

There are causes and cures for inflation.

9. Why High Unemployment Persists.
10. Aggregate Supply, The Production Function And The Neoclassical Growth Model.

The International Economy is part IV.

11. Basic Determinants Of Exports And Imports.
12. International Financial Markets.
13. The Mundell-Fleming Model Joint Determination Of Output, Interest Rates, Net Exports, And The Value Of The Currency.
14. Case Studies In International Trade.

Part V: Cyclical Fluctuations.

15. Business Cycles.
16. Cyclical Fluctuations In Components Of Aggregate Demand.
17. Cyclical Fluctuations In Financial Markets.

Policy analysis and forecasting are part of Part VI.

18. Fiscal Policy And Its Impact On Productivity Growth.
19. Monetary Rules And Policy Analysis.
20. Macroeconomic Forecasting: Methods And Pitfalls.

There is a bibliography and further reading.

AUTHOR INFORMATION

Michael K. Evans. Previously, he was a teacher at the Kellogg School. Thousands of forecasts have been generated at the macroeconomic, financial, industry, and individual company level by him. He was awarded the most accurate macroeconomic forecasts over the past four years.

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Michael K.Evans is the author of Macroeconomics for Managers.