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Full Description
The key to understanding macroeconomics for business professionals is to view it as a second language. Olney takes this innovative approach as he zeroes in on the concepts, assumptions, and models they'll need to learn. Each chapter begins with the equations and graphs that will enable them to dive into the application of economic principles. Tip notes highlight tricks that will help them remember the material, and they'll find common errors to avoid. They'll also be able to test what they've learned by reviewing Try questions. This approach will allow business professionals to gain an intuitive understanding of economic ideas that they'll be able use in the field.
Contents
Chapter 1: Economics Tools - Math and Graphing
Chapter 2: Production Possibilities Frontier, Economic Growth, and Gains from Trade
Chapter 3: Demand and Supply
Chapter 4: Measuring the Macroeconomy
Chapter 5: Long-Run Economic Growth
Chapter 6: Keynesian Cross
Chapter 7: Aggregate Demand
Chapter 8: The Spending Multiplier
Chapter 9: Macroeconomic Policy: The Overview
Chapter 10: Fiscal Policy
Chapter 11: Money Creation
Chapter 12: The Money Market
Chapter 13: Monetary Policy and Interest Rates
Chapter 14: Inflation and Output: The AS/AD Approach
Chapter 15: Input and Output: The Monetary Policy Approach
Chapter 16: Open Economy Macroeconomics
Answers to all "TRY" Questions
Index
