Understanding the Ground Rules for the Global Economy In 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 essentials of macroeconomics and examines in a simple and intuitive way
the core ideas of output money and expectations. Early chapters leave you with an
understanding of everything from fiscal policy and central banking to business cycles and
international trade. Later chapters provide a brief monetary history of the United States as
well as the basics of macroeconomic accounting. You’ll learn why countries trade why exchange
rates move and what makes an economy grow. Moss’s detailed examples will arm you with a clear
picture of how the economy works and how key variables impact business and will equip you to
anticipate and respond to major macroeconomic events such as a sudden depreciation of the real
exchange rate or a steep hike in the federal funds rate. Read this book from start to finish
for a complete overview of macroeconomics or use it as a reference when you’re confronted with
specific challenges like the need to make sense of monetary policy or to read a balance of
payments statement. Either way you’ll come away with a broad understanding of the subject and
its key pieces and you’ll be empowered to make smarter business decisions.
