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Concise Guide to Macroeconomics: What Managers, Executives, and Students Need to Know |  | Author: David A. Moss
Publisher: Harvard Business School Press
Category: Book
List Price: $26.95
Buy New: $14.49
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Seller: jenasbooks
Rating:  13 reviews
Sales Rank: 27982
Media: Hardcover
Pages: 189
Number Of Items: 1
Shipping Weight (lbs): 1.1
Dimensions (in): 9.4 x 6.4 x 1
ISBN: 1422101797
Dewey Decimal Number: 339
EAN: 9781422101797
ASIN: 1422101797
Publication Date: July 5, 2007
Availability: Usually ships in 1-2 business days
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Product Description
Now more than ever before, executives and managers need to understand their larger economic context. In A Concise Guide to Macroeconomics, David Moss leverages his many years of teaching experience at Harvard Business School to lay out important macroeconomic concepts in engaging, clear, and concise terms. In a simple and intuitive way, he breaks down the ideas into output, money, and expectations. In addition, Moss introduces powerful tools for interpreting the big-picture economic developments that shape events in the contemporary business arena. Detailed examples are also drawn from history to illuminate important concepts.
This book is destined to become a staple in MBA courses as well as the go-to resource for executives and managers at all levels seeking to brush up on their knowledge of macroeconomic dynamics.
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| Customer Reviews:
Showing reviews 1-5 of 13
 Exactly what the title promises January 1, 2008
Sean Brocklebank (Edinburgh)
33 out of 34 found this review helpful
It is rare to find a book so aptly described by its title as "A Concise Guide to Macroeconomics." The book really is concise; the text is only 141 pages long, and even that number might give an exaggerated impression because there are fairly wide margins and two blank pages between each chapter, as well as numerous graphs and tables. Yet in those 141 pages, this guidebook covers the essentials of output and GDP accounting, the role of money, interest and expectations in monetary policy and business cycles, a brief monetary history of the United States, as well as the basics of international economics: why countries trade, how to read a balance of payments statement, and what sorts of forces move exchange rates.
The tables and charts scattered throughout the book provide excellent intuition for understanding international comparisons of GDP, the history of business cycles, or whatever topic is presently at hand. All of these media are well referenced in the text, clearly explained, and contain up-to-date information. Moss also illustrates some concepts, such as the Ricardian theory of comparative advantage, with examples of his own; these too are excellent.
What impresses me most about the book is that Moss seems to have gotten the technical level just right: this book has none of the anecdote-ridden flakiness so common to journalistic writing about economics, nor is it ponderous or over-burdened with theory. This guide will aptly explain the essentials of the field to those who are curious; I know of no other book like it, and I cannot recommend it highly enough. If you have any lingering doubts (you shouldn't) just click on the "Search Inside" icon at the top of the page, and click "Surprise Me" to get a random sample of Moss's writing.
A Very Basic Intro - But a Good One March 8, 2009
Dianne Roberts (Los Angeles, California United States)
5 out of 5 found this review helpful
Professor Moss' Concise Guide to Macroeconomics is titled aptly. It is very concise; fluidly written and easily read in a couple of sittings. It is also very fundamental. The author focuses in one the three core pillars of macro-economics, output, money and expectations, and takes the reader through them in a tried and trued presentation format: tell the reader what you're going to tell them, tell them, then tell them what you just told them.
As such the first part has a chapter dedicated to introducing each of these three core concepts. The second part has a chapter for each of these three concepts again, but with slightly more sophistication afforded from the reader now having seen all three concepts in isolation, and the conclusion quickly ties everything together holistically. I found this format very effective for the content it was meant to convey.
To be clear though concise is the key word to describe this book. It covers first things first and only first things. As such many concepts, such as foreign reserves, aren't even mentioned. This book is very much a starting point, and it is written for the lay reader with only a simple or passing knowledge of economics concepts in general. It certainly won't make you a genius who can understand the world. It could likely help students understand concepts qualitatively but has no real math or graphical analysis and probably wouldn't help students with their homework or tests.
Despite its brevity and the fact it skips some topics many would like to see in a macroeconomics book I feel five stars is richly deserved on account of an admirable and rare honesty on behalf of the author. Although a Harvard Business School professor (and thus, if reputation is to be believed, about as educated as one can come) Mr. Moss is extremely clear that macroeconomics is not a precise science, most macroeconomic theories do not slide seamlessly into successful practice in real life, the reasons behind macroeconomic situations (i.e. currency collapses, recessions, sharp inflation, etc.) can be ambiguous and arguable, and macroeconomic monetary and fiscal policies (such as interest rate cuts or deficit spending) can have contradictory and unpredictable impacts in the real world. His explanation of macroeconomics can show how we can ask smarter questions to increase our chances of being successful when it comes to private enterprise and government venture, but also shows why there is such disagreement and room for argument on both sides of any macroeconomic issue.
A great starting place and, rare for an academic book, armed with a highly appropriate warning on the limits of a imprecisely understood albeit very important topic.
Quick reding, just the information you need. November 24, 2008
Nicolas Roman Toro (Chile)
Unlike most academic books, this one gives just the neccesary information, leaving you with the perfect insights. Lacks the depth of more explanation of some macro theory, but that's not the purpose of the book.
Truely concise, simple language, covers the basics well May 14, 2009
Ramses (CA)
An impressive book especially for those studying Macroeconomics for the first time. It is well researched and written in a language that is simple and easy on the eye and the mind. The 'conciseness' of this book is the most impressive part. It can be read in a day or two (at a relaxed pace)and it addresses the fundamentals of Macroeconomics, such as GDP, Balance of Payments, Exchange Rates, etc.
The book is by no means an exhuastive guide, instead, it is what its title states .. a concise guide to the subject. It is a good book 'starter book', the kind you would read before the first day of classes.
great primer for the uninitiated June 25, 2009
Gaganpreet S. Shah (Bloomington, IN USA)
I had a design background before coming to B-School. This book brought me up to speed in no time.
U might not learn how to do complex calculations, but that is not expected by people who are looking to learn the basics. :)
Showing reviews 1-5 of 13
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