International Macroeconomics for Business and Political Leaders explains the fundamentals of international macroeconomics in a very efficient and approachable text. It explores key macro concepts such as growth, unemployment, inflation, interest, and exchange rates. Crucially, it also examines how these markets are interconnected so that readers will fully understand why economic, political, and social shocks to nations, such as the United States, China, Germany, Japan, and Brazil, must be evaluated in the context of all three macroeconomic markets: goods and services, credit, and foreign exchange.
This book is as relevant and useful to individuals who have successfully taken and passed a Principles of Economics course, or more, as it is to those who have never taken any economics in high school or college but are motivated to understand the way international economies act and react. It uses an innovative approach to teach supply and demand principles, without using graphs, so as to be understandable and accessible to any interested reader or audience. This is not a theory-for-theory’s-sake textbook but a practice-oriented, common-sense approach to explaining international macroeconomics which quickly connects readers to real world events.
Table of Contents
Chapter 1: Measures of Economic Health
Chapter 2: Two Important Keys That Unlock International Macroeconomics
Chapter 3: Goods and Services Market
Chapter 4: Fiscal Policy
Chapter 5: Foreign Exchange Market
Chapter 6: Balance of Payments
Chapter 7: An Overview of Financial Markets
Chapter 8: Credit Market
Chapter 9: Money, Banking, and Central Banks
Chapter 10: Central Bank Tools and Monetary Policy
Chapter 11: Putting It All Together
Chapter 12: Conclusion
John E. Marthinsen is Professor of Economics and International Business at Babson College in Babson Park, MA, where he holds The Distinguished Chair in Swiss Economics. Dr. Marthinsen has extensive consulting experience, working for both domestic and international companies, as well as the U. S. Government.
‘An excellent, appealing, and concise textbook that highlights the key global markets and stresses why corporate and political decision makers need to care about them.’ — Dr. Pascal Gantenbein, Professor of Financial Management, University of Basel