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Macroeconomics for Business

Macroeconomics for Business
The Manager's Way of Understanding the Global Economy


  • Publication planned for: December 2019
  • availability: Not yet published - available from December 2019
  • format: Paperback
  • isbn: 9781108456753

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About the Authors
  • Interpreting and applying macroeconomic analysis to the global economic environment and understanding the tools used to do so is fundamental to making good managerial decisions. Presuming no background in economic theory and prioritizing international application, this textbook introduces macroeconomics to business students. It explains how to understand domestic and global macroeconomic developments, policies, and data, and makes extensive use of case studies and data sets to present modern macroeconomics in a globalized world. Each chapter has several specific data exercises and practices as well as an international application focusing on the global perspective. By providing a host of international material, this book is useful for instructors and students around the globe.

    • Uses a very minimum of mathematics and statistical concepts and is written for business students and managers
    • Features such as 'International applications', 'Working with data', and 'Differences of opinion' provide practical experience, international perspectives and policy debates
    • Uses empirical data to illustrate macroeconomic concepts and arguments. Each chapter includes instruction on how to research data and where to source it
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    Product details

    • Publication planned for: December 2019
    • format: Paperback
    • isbn: 9781108456753
    • dimensions: 246 x 189 mm
    • availability: Not yet published - available from December 2019
  • Table of Contents

    List of figures
    List of tables
    1. Macroeconomic concepts and indicators
    2. Aggregate demand
    3. Aggregate supply and short-run equilibrium
    4. Monetary policy and aggregate demand
    5. Fiscal policy and aggregate demand
    6. Monetary and fiscal policy in the long run
    7. Economic growth
    8. International trade, exchange rates and capital flows
    9. Free trade and protectionism

  • Authors

    Lawrence S. Davidson, Indiana University
    Lawrence S. Davidson is Professor Emeritus of Business Economics and Public Policy at the Kelley School of Business, Indiana University, Bloomington with a Ph.D. from the University of North Carolina. He was the Founding Director of the Indiana Center for Global Business and the Global Business Information Network and received the John Ryan Award for contributions to the international program at Indiana University. He was the Founding Director, Kelley Center for the Business of Life Sciences and W. Michael and William D. Wells Life Sciences Faculty Fellow. Davidson worked as a visiting Professor in Finland, Germany, and South Korea.

    Andreas Hauskrecht, Indiana University
    Andreas Hauskrecht is a Clinical Professor of Business Economics and Public Policy at the Kelley School of Business, Indiana University, Bloomington with a Ph.D. in economics from Freie Universitaet, Berlin. He has published two monographs and more than forty papers in journals and books. He has taught courses at universities in the US, Germany, Bulgaria, Bolivia, Ecuador, Croatia, Thailand, Vietnam, and Lao, and served as adviser to governments and central banks in Europe, Latin America, and Asia. He has worked as policy adviser for the Vietnamese government for more than two decades.

    Jürgen von Hagen, Indiana University
    Jürgen von Hagen is Professor of Economics, University of Bonn, Germany, and Visiting Professor, Department of Business Economics and Public Policy, Kelley School of Business, Indiana University, with a Ph.D. from Rheinische Friedrich-Wilhelms-Universität Bonn and teaches M.B.A. macroeconomics at Indiana University. He taught economics at Indiana University, the Universität Mannheim, Germany, and the Rheinische Friedrich-Wilhelms-Universität Bonn. von Hagen has worked for the Federal Reserve Bank of St Louis and the European Central Bank and has been a consultant to the IMF, the World Bank, the Inter-American Development Bank, the European Commission, the Federal Reserve Board of Governors, the Deutsche Bundesbank, and the Bank of Japan, and governments in Europe and beyond. von Hagen's publications include over 90 articles in refereed professional journals and over forty monographs.

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