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A Concise Guide to Macro Economics, Second Edition, Conclusion, Putting the Pieces Together
Moss, David A.Book Chapter HBS-0020BC-EFinanceIn Conclusion, Putting the Pieces Together (10 pages), the author reviews the key concepts in his description of macroeconomics and summarizes the relationships between them. He explores the concept of macroeconomics as an inexact science that provides a baseline for analysis and cautions against the dangers of accepting macroeconomic theory as ironclad prediction. The chapter includes an epilogue on the financial crisis of 2007-2009.Starting at €8.20
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A Concise Guide to Macro Economics, Second Edition, Chapter 5, Fundamentals of GDP Accounting
Moss, David A.Book Chapter HBS-0017BC-EFinanceIn Chapter 5, Fundamentals of GDP Accounting (18 pages), the author considers the importance of and methods for measuring output. He presents the three basic approaches to measuring output: value added, income, and expenditure (and reviews the expenditure method in depth). He also examines the role of depreciation and looks briefly at gross national product (GNP). He explains adjustments to GDP that enable historical and cross-country comparisons...Starting at €8.20
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A Concise Guide to Macro Economics, Second Edition, Chapter 6, Reading a Balance of Payments Statement
Moss, David A.Book Chapter HBS-0018BC-EFinanceChapter 6, Reading a Balance of Payments Statement (15 pages), defines the essential information in a balance of payments (BOP) statement. The author explores how to read and analyze a BOP and explains how to look for indicators of economic health. The chapter concludes with a short essay on how accounting rules are evolving at the International Monetary Fund (IMF).Starting at €8.20
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A Concise Guide to Macro Economics, Second Edition, Chapter 7, Understanding Exchange Rates
Moss, David A.Book Chapter HBS-0019BC-EFinanceIn Chapter 7, Understanding Exchange Rates (9 pages), the author identifies critical factors that have both long- and short-term impact on exchange rates. He explores how a country's current account balance, inflation rate, and interest rates affect its currency. He argues that, despite these theories, the currency market is unpredictable and shares overall guidelines for understanding global currency.Starting at €8.20
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A Concise Guide to Macro Economics, Second Edition, Chapter 4, A Short History of Money and Monetary Policy in the United States
Moss, David A.Book Chapter HBS-0016BC-EFinanceChapter 4, A Short History of Money and Monetary Policy in the United States (12 pages), provides a brief history of U.S. monetary policy from the inception of the dollar to the present time as a way to illustrate many of the macroeconomic principles and relationships highlighted in chapters 1 - 3. The author considers the nature of the gold standard, the creation of the Federal Reserve, and the evolution of inflation targeting up to the recent f...Starting at €8.20
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A Concise Guide to Macro Economics, Second Edition, Chapter 1, Output
Moss, David A.Book Chapter HBS-0013BC-EFinanceIn 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 essentialsStarting at €8.20
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A Concise Guide to Macro Economics, Second Edition, Chapter 2, Money
Moss, David A.Book Chapter HBS-0014BC-EFinanceIn Chapter 2, Money (34 pages), author discusses money - the second of three pillars that make up his description of the fundamentals of macroeconomics. The author explains how interest rates, exchange rates, and aggregate price levels constitute the "priStarting at €8.20
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A Concise Guide to Macro Economics, Second Edition, Chapter 3, Expectations
Moss, David A.Book Chapter HBS-0015BC-EFinanceIn Chapter 3, Expectations (19 pages), the author discusses expectations - the third of three pillars that make up his description of the fundamentals of macroeconomics. The author examines inflation and ways to control it. He looks at how to manage decliStarting at €8.20