It is essential to have a thorough understanding of economic information and to be able to grasp fully the real implications of the economic indicators referred to in business reports and by the media. This guide is, above all, a practical work that clearly explains the underlying economic realities of today's world. Fully updated and revised, this sixth edition is an invaluable reference for those in business, the financial markets, or government, and a necessary resource for students. Written for the nonspecialist, this accessible guide explains how to understand and interpret all that main economic indicators that relate to: GDP and GNI (GNP); Growth, trends and cycles; Population, employment, unemployment; Government; Investment and savings; Industry and commerce; Balance of payments; Exchange rates; and Money and financial markets.
Customer Reviews:
Avg. Customer Rating: 4.0 / 5.0
Nice handy guide:
I wish I would have had it during Macroeconomics class for a reference.
A reference guide:
I expected a guide that would assist in determining where we were in the business cycle. This wasn't really it. The book is structured more like an encyclopedia - analyzing each indicator in detail and in isolation. A fine addition to anyone's economic reference books, but disappointed me by failing to treat the economy as an organic whole.
If only economics were that easy:
True to the style of The Economist, this book makes everything seem easier than it really is. However, for people who spend too much time thinking about economic issues, this is actually rather refreshing, much like a cold beer after a long day's work.
Some examples: "In the long term, the growth in economic output depends on the number of people working and output per worker (productivity)" (Page 41); Or "In general, the more optimistic consumers are, the more likely they are to spend money. This boosts... more info
A good reference guide for understanding economic indicators:
The book itself will be of great use for those analysts who evaluate country risk analysis. Economic indicators sometimes tend to be hard to understand, but this guide makes them easy to comprehend and relate to each other.
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