Making Sense of the Economy,9780415103183

Making Sense of the Economy

by
ISBN13: 9780415103183
ISBN10: 0415103185
Format: Paperback
Pub. Date: 1996-08-01
Publisher(s): Cengage Learning Emea
List Price: $23.49

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Summary

In order for their businesses to succeed managers need a good understanding of the economic environment in which they operate. By ignoring the wider implications of economic policy and of their business decisions, many managers are risking failure, but a good grounding in the central economic issues can ensure managing for future success. This book provides, in straightforward, jargon- and algebra-free prose, a clear introduction to macro economics, explaining the forces that are at work in a market economy and the terms used to describe them. This volume will be a vital guide for managers wishing to gain a better understanding of the world they live in, and improve their assessment of business risk.

Table of Contents

List of figures and tables
viii ix(1)
Acknowledgements x(1)
Series editor's preface xi
Introduction 1(3)
1 Economics and economists
4(8)
2 Measuring the Gross Domestic Product
12(9)
3 What causes changes in the level of GDP?
21(15)
4 Economic policy and a dynamic system: the business cycle
36(27)
5 Money and how it is manufactured
63(8)
6 The government and the money supply
71(23)
7 Linkages between the components of the system
94(11)
8 The balance of payments and trade
105(20)
9 International linkages: the exchange rate and international money flows
125(24)
10 Forecasting the economy
149(18)
Conclusion and self-assessment test 167(7)
Appendix A: Equilibrium: the difference between planned and actual 174(3)
Appendix B: Is the economy a Mechanical system or an organic system 177(6)
Appendix C: The problem of savings and investment behaviour 183(4)
Appendix D: The Monetarist School and others 187(4)
Appendix E: Stocks and flows 191(3)
Appendix F: Glossary of terms 194

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