Macroeconomic patterns and stories : a guide for MBAs
There is little traditional macroeconomic theory in this book, though there are several “stories” about unemployment and the business cycle. The traditional macro theory is great for economics majors but it leaves no lasting impression on most other students and not much even on economics majors....
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| Main Author: | |
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| Format: | Book |
| Language: | English |
| Published: |
Springer
2017
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| Subjects: | |
| Online Access: | http://repository.vnu.edu.vn/handle/VNU_123/31684 |
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| Institution: | Vietnam National University, Hanoi |
| Language: | English |
| Summary: | There is little traditional macroeconomic theory in this book, though there are
several “stories” about unemployment and the business cycle. The traditional macro
theory is great for economics majors but it leaves no lasting impression on most
other students and not much even on economics majors. (How many readers of the
Wall Street Journal can remember the IS-LM model they studied in college? How
many of the journalists who write those articles have even the slightest awareness
of the IS-LM model or any other macro model?) I rely much more heavily on the
data to help students form their own point of view. I try to bring the reader along
with me on this journey to understanding. Because visual displays are much more
memorable than any table of numbers, the argument is highly graphical and uses a
minimum amount of numerical statistical analysis. |
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