Managing in a Global Economy: Demystifying International Macroeconomics by John E. Marthinsen describes macroeconomics in the context of models for resolution-making. With business functions, focused examples, and an approach to macroeconomic principle through markets, Marthinsen demonstrates how macroeconomics can help leaders make better business decisions.
This text helps students grasp sensible “huge image” ideas, nurtures an understanding of what causes macroeconomic variables to alter, and relates these adjustments to issues confronting managers. Marthinsen integrates the three main macroeconomic sectors (i.e., the actual items market, real loanable funds market, and foreign trade market) in a consumer-pleasant approach with a minimum of math and solely provide and demand analysis.
Creator focuses on the interactions of the actual items, actual loanable funds, and foreign alternate markets to emphasize the “huge picture.” Utilizing the distinctive three-sector mannequin, students can perform nation analyses, understand articles/editorials in the business media, higher formulate monetary statement projections, and contribute meaningfully to corporate strategy and planning discussions.
Liberating readers from dry, overly complex macroeconomic models, writer makes use of theory only as a means for practical understanding. Clear and concise, the book focuses on concrete business examples to show how economic shocks, similar to financial and monetary insurance policies or shifts in international capital flows, have an effect on management decisions.
The book was written for MBAs who were not essentially economics majors, making it interesting to college students with quite a lot of undergraduate backgrounds. Marthinsen keeps readers visually engaged with strategic use of figures, tables, charts, and illustrative exhibits. It provides a strategic focus, emphasizes the interplay amongst markets, and equips MBAs with a macroeconomic perspective.
Managing in a Global Economy: Demystifying International Macroeconomics (Economic Applications, InfoTrac Printed Access Card) [Hardcover]
John E. Marthinsen
South-Western College Pub; 1 edition (February 12, 2007)
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