UID:
almafu_9959328622902883
Format:
1 online resource (xvii, 825 pages)
ISBN:
9780470752784
,
0470752785
,
1405142243
,
9781405142243
,
1280199474
,
9781280199479
,
9781405101448
,
140510144X
,
9781405101455
,
1405101458
Content:
This text offers business school students an excellent practical explanation of the short-term linkages in the macroeconomic arena. While the underlying theoretical constructs are not ignored, emphasis is placed on the empirical underpinnings and managerial implications of macroeconomics. The text begins by introducing key concepts such as the GDP, National and Personal Income, and the various measures of inflation and unemployment. Building on this foundation it then analyzes the following aspects of macroeconomics: aggregate supply and demand, international financial markets, cyclical fluctu.
Note:
The importance of macroeconomics -- 1.1. What is macroeconomics? -- 1.2. Links between macroeconomics and microeconomics -- 1.3. Current core of macroeconomic theory -- 1.4. Macroeconomics -- an empirical discipline -- 1.5. The importance of policy applications -- 1.6. Positive and normative economics: why macroeconomists disagree -- 1.7. Roadmap of this book -- Appendix: thumbnail sketch of the development of macroeconomics -- 2: National income and product accounts (nipa) -- 2.1. How the national income and product accounts are constructed -- A double-entry bookkeeping system -- 2.2. Components of GDP: final goods and services -- Government purchases and other expenditures -- Inventory investment: an exception to the rule -- Relative size of the major components of GDP -- Manager's briefcase: interpreting the GDP statistics -- Case study 2.1. Shifting shares of GDP in the post World War II period -- 2.3. Differences between final and intermediate goods and services -- Defining and determining intermediate services -- 2.4. Components of national income -- Major components of national income -- Case study -- 2.2. Shifting patterns of components of factor income -- Case study -- 2.3. Different measures of corporate profits -- The tradeoff between corporate profits and net interest income -- Differences between GDP and GNP -- 2.5. Balancing items linking GDP, NI, PI, and DI -- Links between GDP and disposable income -- Managers briefcase: understanding personal saving -- 2.6. Value added by stages of production: an example -- 2.7. Inclusions and exclusions in the NIPA data -- Transfers of assets -- Case study -- 2.4. Treatment of mortgage payments -- Foreign expenditures -- Different types of government expenditures -- The underground economy -- 2.8. Circular flow between aggregate demand and production -- Appendix: key macroeconomic identities -- Key data concepts: inflation, unemployment, and labor costs -- 3.1. Measuring inflation: three different types of indexes -- 3.2. Factors causing the inflation rate to be overstated -- Effect of a fixed-weight market basket -- Measuring quality changes -- New products and services -- Drawbacks to implicit deflators -- The chained index: the latest compromise -- The Boskin Committee report on inflation -- Recent improvements by the BLS -- Case study -- 3.1. Fixed weight, implicit, and chained price indexes -- 3.3. Could the inflation rate be understated? -- Manager's briefcase: how to interpret the inflation data -- 3.4. Different measures of unemployment -- The duration of unemployment -- 3.5. Collecting the employment and unemployment data -- The BLS "fudge factor" -- Initial unemployment claims -- Manager's briefcase: how to interpret the employment and unemployment data -- Case study -- 3.2. Differences in payroll and household measures of employment -- 3.6. The concept of full employment -- Full employment: not a fixed rate -- Determinants of the full-employment unemployment rate -- 3.7. Unit labor costs -- Case study -- 3.3. Rising labor compensation costs in 200 -- Managers briefcase: using the data for wages and unit labor costs -- 3.8. Summarizing the economic data: indexes of leading and coincident indicators -- 3.9. Methods and flaws of seasonally adjusted data -- 3.10. Preliminary and revised data -- Part II: Aggregate demand and joint determination of output and interest rates -- 4: The consumption function -- 4.1. Principal determinants of consumption.
Additional Edition:
Print version: Evans, Michael K. Macroeconomics for managers. Oxford, England ; Malden, Mass. : Blackwell, 2003 ISBN 140510144X
Additional Edition:
ISBN 9781405101448
Language:
English
Keywords:
Electronic books.
;
Electronic books.
;
Electronic books.
DOI:
10.1002/9780470752784
URL:
https://onlinelibrary.wiley.com/doi/book/10.1002/9780470752784
URL:
https://onlinelibrary.wiley.com/doi/book/10.1002/9780470752784
URL:
https://onlinelibrary.wiley.com/doi/book/10.1002/9780470752784
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