Concise Guide to Macroeconomics: What Managers, Executives, and Students Need to Know Review

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Concise Guide to Macroeconomics: What Managers, Executives, and Students Need to Know ReviewIt 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.Concise Guide to Macroeconomics: What Managers, Executives, and Students Need to Know Overview

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