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Macroeconomics-A Practical Foundation, Essential Knowledge for Everyone: Gives you the skills to think and speak perceptively on some of the most important issues of our time Is easy to read, with everything presented step-by-step Presents key macroeconomic ideas with intellectual rigor Is very practical, addressing macroeconomic issues that affect you every day Quickly takes you to concerns at the frontier of macroeconomics Is motivational, written in a style in which the author encourages you to learn Provides an excellent foundation for learning to use economic news to trade the financial markets Gives a sound foundation for the ideas underlying graduate level macroeconomics Macroeconomics-A Practical Foundation covers some of the most topical issues of our time: How to develop a model for intelligently appraising any economy How to get a country out of a recession Should a government have a balanced budget? What is a sound framework for analyzing the implications of high government debt? Why some countries choose fixed exchange rates while others choose flexible exchange rates How a fixed exchange rate system works Factors that affect daily movements in flexible exchange rates Why does the US dollar strengthen sometimes, but weaken at other times, when there is good economic news in the US? When is a currency overvalued/undervalued? Real exchange rates and how do they let us assess a country s competitiveness How does a central bank take account of economic growth and inflation in setting interest rates? The key functions of a central bank, and how policies like quantitative easing, Operation Twist and paying interest on reserves are supposed to work When can higher economic growth occur without increasing inflation? When do inflation and unemployment become troubling phenomena? How inflation can become hyperinflation The appropriate schema for presenting a country s economic transactions with the rest of the world in the balance of payments accounts Is a trade/
Macroeconomics-A Practical Foundation, Essential Knowledge for Everyone: Gives you the skills to think and speak perceptively on some of the most important issues of our time Is easy to read, with everything presented step-by-step Presents key macroeconomic ideas with intellectual rigor Is very practical, addressing macroeconomic issues that affect you every day Quickly takes you to concerns at the frontier of macroeconomics Is motivational, written in a style in which the author encourages you to learn Provides an excellent foundation for learning to use economic news to trade the financial markets Gives a sound foundation for the ideas underlying graduate level macroeconomics Macroeconomics-A Practical Foundation covers some of the most topical issues of our time: How to develop a model for intelligently appraising any economy How to get a country out of a recession Should a government have a balanced budget? What is a sound framework for analyzing the implications of high government debt? Why some countries choose fixed exchange rates while others choose flexible exchange rates How a fixed exchange rate system works Factors that affect daily movements in flexible exchange rates Why does the US dollar strengthen sometimes, but weaken at other times, when there is good economic news in the US? When is a currency overvalued/undervalued? Real exchange rates and how do they let us assess a country s competitiveness How does a central bank take account of economic growth and inflation in setting interest rates? The key functions of a central bank, and how policies like quantitative easing, Operation Twist and paying interest on reserves are supposed to work When can higher economic growth occur without increasing inflation? When do inflation and unemployment become troubling phenomena? How inflation can become hyperinflation The appropriate schema for presenting a country s economic transactions with the rest of the world in the balance of payments accounts Is a trade/