LEADER 07635nam 22006254a 450 001 9911019460803321 005 20200520144314.0 010 $a9781280199479 010 $a1280199474 010 $a9780470752784 010 $a0470752785 010 $a9781405142243 010 $a1405142243 035 $a(CKB)1000000000398234 035 $a(StDuBDS)AH4263756 035 $a(SSID)ssj0000195175 035 $a(PQKBManifestationID)11180213 035 $a(PQKBTitleCode)TC0000195175 035 $a(PQKBWorkID)10242415 035 $a(PQKB)11049665 035 $a(MiAaPQ)EBC233044 035 $a(PPN)170215040 035 $a(FR-PaCSA)10079412 035 $a(FRCYB10079412)10079412 035 $a(Perlego)3884498 035 $a(EXLCZ)991000000000398234 100 $a20021223d2003 uy 0 101 0 $aeng 135 $aur||||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aMacroeconomics for managers /$fMichael K. Evans 210 $aOxford, England ;$aMalden, Mass. $cBlackwell$d2003 215 $a1 online resource (816 p. ) $cill 300 $aBibliographic Level Mode of Issuance: Monograph 311 08$a9781405101448 311 08$a140510144X 320 $aIncludes bibliographical references (p. [788]-789) and index. 327 $aThe importance of macroeconomics -- 1.1. What is macroeconomics? -- 1.2. Links between macroeconomics and microeconomics -- 1.3. Current core of macroeconomic theory -- 1.4. Macroeconomics - an empirical discipline -- 1.5. The importance of policy applications -- 1.6. Positive and normative economics: why macroeconomists disagree -- 1.7. Roadmap of this book -- Appendix: thumbnail sketch of the development of macroeconomics -- 2: National income and product accounts (nipa) -- 2.1. How the national income and product accounts are constructed -- A double-entry bookkeeping system -- 2.2. Components of GDP: final goods and services -- Government purchases and other expenditures -- Inventory investment: an exception to the rule -- Relative size of the major components of GDP -- Manager's briefcase: interpreting the GDP statistics -- Case study 2.1. Shifting shares of GDP in the post World War II period -- 2.3. Differences between final and intermediate goods and services -- Defining and determining intermediate services -- 2.4. Components of national income -- Major components of national income -- Case study -- 2.2. Shifting patterns of components of factor income -- Case study -- 2.3. Different measures of corporate profits -- The tradeoff between corporate profits and net interest income -- Differences between GDP and GNP -- 2.5. Balancing items linking GDP, NI, PI, and DI -- Links between GDP and disposable income -- Managers briefcase: understanding personal saving -- 2.6. Value added by stages of production: an example -- 2.7. Inclusions and exclusions in the NIPA data -- Transfers of assets -- Case study -- 2.4. Treatment of mortgage payments -- Foreign expenditures -- Different types of government expenditures -- The underground economy -- 2.8. Circular flow between aggregate demand and production -- Appendix: key macroeconomic identities -- Key data concepts: inflation, unemployment, and labor costs -- 3.1. Measuring inflation: three different types of indexes -- 3.2. Factors causing the inflation rate to be overstated -- Effect of a fixed-weight market basket -- Measuring quality changes -- New products and services -- Drawbacks to implicit deflators -- The chained index: the latest compromise -- The Boskin Committee report on inflation -- Recent improvements by the BLS -- Case study -- 3.1. Fixed weight, implicit, and chained price indexes -- 3.3. Could the inflation rate be understated? -- Manager's briefcase: how to interpret the inflation data -- 3.4. Different measures of unemployment -- The duration of unemployment -- 3.5. Collecting the employment and unemployment data -- The BLS "fudge factor" -- Initial unemployment claims -- Manager's briefcase: how to interpret the employment and unemployment data -- Case study -- 3.2. Differences in payroll and household measures of employment -- 3.6. The concept of full employment -- Full employment: not a fixed rate -- Determinants of the full-employment unemployment rate -- 3.7. Unit labor costs -- Case study -- 3.3. Rising labor compensation costs in 200 -- Managers briefcase: using the data for wages and unit labor costs -- 3.8. Summarizing the economic data: indexes of leading and coincident indicators -- 3.9. Methods and flaws of seasonally adjusted data -- 3.10. Preliminary and revised data -- Part II: Aggregate demand and joint determination of output and interest rates -- 4: The consumption function -- 4.1. Principal determinants of consumption. 330 $aThis text offers business school students a practical explanation of the short-term linkages in the macroeconomic arena. While the underlying theoretical constructs are not ignored, emphasis is placed on the empirical underpinnings and managerial implications of macroeconomics. 330 $bThis text offers business school students an excellent practical explanation of the short-term linkages in the macroeconomic arena. While the underlying theoretical constructs are not ignored, emphasis is placed on the empirical underpinnings and managerial implications of macroeconomics. The text begins by introducing key concepts such as the GDP, National and Personal Income, and the various measures of inflation and unemployment. Building on this foundation it then analyzes the following aspects of macroeconomics: aggregate supply and demand, international financial markets, cyclical fluctuations, policy analysis, and forecasting. Engages the reader with detailed case studies and "Manager's Briefcase" discussions. Focuses on the short-term linkages in macroeconomics. Uses an empirically oriented approach, while also explaining underlying theoretical constructs. Includes chapter summaries, key concepts, and practice questions. Lecturer resources available at http://www.blackwellpublishing.com/mfm/ This text offers business managers and business school students an excellent practical explanation of the short-term linkages that impact the performance of the overall economy. While the underlying theoretical constructs are not ignored, emphasis is placed on the empirical underpinnings and managerial implications of macroeconomics. The text begins by introducing key concepts such as the GDP, National and Personal Income, and the various measures of inflation and unemployment. Building on this foundation it then analyzes the following aspects of macroeconomics: aggregate supply and demand, international financial markets, cyclical fluctuations, policy analysis, and forecasting. Engaging the reader through many features, the text includes detailed case studies and "Manager's Briefcase" discussions, which provide practical applications of macroeconomic concepts to real-world situations. Additionally, each chapter ends with a list of key concepts, a chapter summary, and practice questions. Its short-term, empirically oriented approach makes this text a distinctive and practical resource for better understanding macroeconomics. 606 $aManagerial economics 606 $aMacroeconomics 615 0$aManagerial economics. 615 0$aMacroeconomics. 676 $a339/.024/68 700 $aEvans$b Michael K$0124856 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9911019460803321 996 $aMacroeconomics for managers$94417250 997 $aUNINA