Business Macroeconomics Book Reviews

Business Macroeconomics by Jay L Zagorsky Book Summary

Macroeconomics is a study of forces, like unemployment, inflation, recessions and foreign exchange movements, that no company or person can control but which have a huge impact on businesses and people’s lives.  This book explains macroeconomic topics in a straightforward manner for people managing a company, working in the corporate world or trading stocks and bonds.  It provides practical information so that you first understand these uncontrollable forces and also have the tools to respond when the macro economy changes.

The goal of this book is to give you practical skills. It does not dwell on theoretical macroeconomic models.  Theory is important, and some theories are discussed in this book, but they are not the focus.  Many people drive cars and trucks, yet few drivers ever learn the theory behind an internal combustion engine.  Understanding practical issues such as the rules of the road, how other drivers react and what the vehicle’s pedals and switches do is more important for safe driving than mastering the underlying theory.  Macroeconomics for people in business is similar.  For example, knowing how to adjust prices to negate the impact of inflation is more important for the typical business person than understanding the theory behind why inflation occurs.

Reading and understanding this book will ensure that the next time the macro economy has a major change you can recognize the implications and adjust successfully to the new business environment.

Table of Contents
   Preface
   Introduction
   Supply and Demand
   What Drives Stock Prices?
   The World’s Population
   A Nation’s Output: GDP
   Prices in the Economy
   Using Prices in Your Business
   Employed and Unemployed
   Other Labor Market Issues
   Aggregate Supply and Demand
   The Business Cycle
   Productivity and Growth
   Money
   Banks and How Money Multiplies
   Interest Rates and Bonds
   Inflation
  Taxes and the Economy
  Public and Private Debt
  International Trade
  Foreign Exchange Rates
  Conclusion

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Business Macroeconomics (Jay L Zagorsky) Book Reviews 2024

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