Macroeconomics For Dummies - UK, UK Edition

Learn to:

• Easily identify key concepts in the study of macroeconomics
• Analyse aggregate supply and demand
• Measure GDP, inflation, and unemployment
• Understand how financial crises occur

Make macroeconomics manageable with this step-by-step guide!

If you're studying macroeconomics and feeling macro-overwhelmed, this easy-to-understand guide is just what you need. Written specifically for the UK market, it illustrates the concepts of macroeconomics with real-world scenarios and demonstrates how economies around the world interrelate. Read on and face your exams with confidence!

• Tracing the big picture — get an overall view of the economy as a whole, the factors that affect it, and what can bring about a global crisis
• Focus on key relationships — understand how to measure GDP, inflation, and unemployment and how they affect the global economy
• The model economy — discover how to build a model of the economy that can be used to analyse shocks and examine policy
• Tools for policy-building — explore the elements of monetary and fiscal policy, the debt-to-GDP ratio, the Phillips Curve, and discretionary policy
• How financial crises happen — learn about the weaknesses of our financial system, essential moral issues, and what we must consider to avert the next crisis

Open the book and find:

• Macroeconomics terms defined
• Key macroeconomics concepts
• What investment and capital mean to economists
• Ways to measure living standards
• How financial, business, consumer, and political factors interact
• Relationships among various economic indicators
• What seigniorage is and what it can cause
• Why consumer confidence matters