Macroeconomics as a Second Language

The key to understanding macroeconomics for business professionals is to view it as a second language. Olney takes this innovative approach as he zeroes in on the concepts, assumptions, and models they’ll need to learn. Each chapter begins with the equations and graphs that will enable them to dive into the application of economic principles. Tip notes highlight tricks that will help them remember the material, and they’ll find common errors to avoid. They’ll also be able to test what they’ve learned by reviewing Try questions. This approach will allow business professionals to gain an intuitive understanding of economic ideas that they’ll be able use in the field. Chapter 1: Economics Tools – Math and Graphing
Chapter 2: Production Possibilities Frontier, Economic Growth, and Gains from Trade
Chapter 3: Demand and Supply
Chapter 4: Measuring the Macroeconomy
Chapter 5: Long-Run Economic Growth
Chapter 6: Keynesian Cross
Chapter 7: Aggregate Demand
Chapter 8: The Spending Multiplier
Chapter 9: Macroeconomic Policy: The Overview
Chapter 10: Fiscal Policy
Chapter 11: Money Creation
Chapter 12: The Money Market
Chapter 13: Monetary Policy and Interest Rates
Chapter 14: Inflation and Output: The AS/AD Approach
Chapter 15: Input and Output: The Monetary Policy Approach
Chapter 16: Open Economy Macroeconomics
Answers to all “TRY” Questions
Index

Dr. Martha Olney?is an adjunct professor of economics at the University of California-Berkeley.?Prior to joining Berkeley, she was a visiting associate professor of economics at Stanford University in 2001 and associate professor of economics at the University of Massachusetts, Amherst, where she had taught since 1984. She received her PhD from Berkeley in 1985.
Professor Olney is the recipient of UC Berkeley's Distinguished Teaching Award (2002-2003); the Jonathan Hughes Prize for Excellence in Teaching Economic History (1997); Distinguished Teaching Award, University of Massachusetts (1990-1991). She was selected as a "Great Teacher in Economics" by the Stavros Center for Economic Education in 2007.
She is a member of the American Economic Association, Business History Conference, Cliometric Society, Committee for the Status of Women in the Economics Profession, Economic History Association, and the Social Science History Association. She currently serves on the board of the AEA's Committee for the Status of Women in the Economics Profession and on the academic advisory board of the Financial Services Research Program of George Washington University.