Macroeconomics For Dummies - UK

Manzur Rashid

Peter Antonioni

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An accessible and engaging introduction to the big picture of UK and international economics Are you studying macroeconomics, but...

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Description

An accessible and engaging introduction to the big picture of UK
and international economics

Are you studying macroeconomics, but don't know inflation from
stagflation? Have no fear! This easy-to-understand guide, written
specifically for the UK market, is packed with real-world examples
and cases that easily illustrate the key concepts you'll need to
know to fully grasp macroeconomics and ace your exams. Taking a
fun, step-by-step approach to the topic, this great guide provides
an engaging introduction to macroeconomics and then delves into
more specific topics, such as business cycles, inflation,
unemployment, domestic output, monetary policy, and much more.

When it comes to the interaction of politics, business
decisions, consumer actions, and monetary policy, the study of
economics is international in scope. That means you must understand
not just the economies of nations, but also the interrelatedness of
national economies throughout the world. This easy, accessible
guide will help you:

Find out how many different financial, business, consumer, and
political factors interact to create the overall economic reality
of nations
Understand business cycles, economic growth, and fiscal and
monetary policies
Study the relationships of various economic indicators, such as
inflation, unemployment, and domestic output
Gain a solid understanding of macroeconomics by building on
microeconomic principles and using real-world examples

If you're struggling with your economics course or you need to
get up to speed on the topic of macroeconomics quickly,
Macroeconomics For Dummies has you covered!

Auteur

Manzur Rashid, PhD, is a Lecturer of economics at University College, London. Peter Antonioni is a senior teaching fellow at the Department of Management Science and Innovation, University College, London, and coauthor of Economics For Dummies, 2nd UK Edition.

Texte du rabat

Learn to:

Easily identify key concepts in the study of macroeconomics
Analyse aggregate supply and demand
Measure GDP, inflation, and unemployment
Understand how financial crises occur Make macroeconomics manageable with this step-by-step guide! If you're studying macroeconomics and feeling macro-overwhelmed, this easy-to-understand guide is just what you need. Written specifically for the UK market, it illustrates the concepts of macroeconomics with real-world scenarios and demonstrates how economies around the world interrelate. Read on and face your exams with confidence!
Tracing the big picture  get an overall view of the economy as a whole, the factors that affect it, and what can bring about a global crisis
Focus on key relationships  understand how to measure GDP, inflation, and unemployment and how they affect the global economy
The model economy  discover how to build a model of the economy that can be used to analyse shocks and examine policy
Tools for policy-building  explore the elements of monetary and fiscal policy, the debt-to-GDP ratio, the Phillips Curve, and discretionary policy
How financial crises happen  learn about the weaknesses of our financial system, essential moral issues, and what we must consider to avert the next crisis Open the book and find:
Macroeconomics terms defined
Key macroeconomics concepts
What investment and capital mean to economists
Ways to measure living standards
How financial, business, consumer, and political factors interact
Relationships among various economic indicators
What seigniorage is and what it can cause
Why consumer confidence matters

Résumé
An accessible and engaging introduction to the big picture of UK and international economics Are you studying macroeconomics, but don't know inflation from stagflation? Have no fear! This easy-to-understand guide, written specifically for the UK market, is packed with real-world examples and cases that easily illustrate the key concepts you'll need to know to fully grasp macroeconomics and ace your exams. Taking a fun, step-by-step approach to the topic, this great guide provides an engaging introduction to macroeconomics and then delves into more specific topics, such as business cycles, inflation, unemployment, domestic output, monetary policy, and much more.

When it comes to the interaction of politics, business decisions, consumer actions, and monetary policy, the study of economics is international in scope. That means you must understand not just the economies of nations, but also the interrelatedness of national economies throughout the world. This easy, accessible guide will help you:

Find out how many different financial, business, consumer, and political factors interact to create the overall economic reality of nations
Understand business cycles, economic growth, and fiscal and monetary policies
Study the relationships of various economic indicators, such as inflation, unemployment, and domestic output
Gain a solid understanding of macroeconomics by building on microeconomic principles and using real-world examples
If you're struggling with your economics course or you need to get up to speed on the topic of macroeconomics quickly, Macroeconomics For Dummies has you covered!

Contenu

Introduction 1

Part I: Getting Started with Macroeconomics 5

Chapter 1: Discovering Why Macroeconomics Is a Big Deal 7

Chapter 2: Looking at Key Questions and Concepts 21

Chapter 3: Curing a Sick Economy of Four Afflictions 35

Part II: Measuring the Things that Matter 47

Chapter 4: Totting up a Country's Economic Activity: Gross Domestic Product 49

Chapter 5: Facing the Fact of Increasing Prices: Inflation 67

Chapter 6: Unemployment: Wasting Talent and Productivity 87

Part III: Building a Model of the Economy 105

Chapter 7: Working Out a Country's Economic Demand 107