Macroeconomic patterns and stories : a guide for MBAs

• Main Author: Leamer, Edward E.
• Format: Book
• Language: English
• Published: Springer 2017
• Subjects: Macroeconomics; Macroeconomics > Case studies; 339
• Online Access: http://repository.vnu.edu.vn/handle/VNU_123/31684
• Institution: Vietnam National University, Hanoi

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.