An accessible and engaging introduction to the big picture of UK and international economics Are you studying macroeconomics, but don't know inflation from stagflation? Have no fear! This easy-to-understand guide, written specifically for the UK market, is packed with real-world examples and cases that easily illustrate the key concepts you'll need to know to fully grasp macroeconomics and ace your exams. Taking a fun, step-by-step approach to the topic, this great guide provides an engaging introduction to macroeconomics and then delves into more specific topics, such as business cycles, inflation, unemployment, domestic output, monetary policy, and much more. When it comes to the interaction of politics, business decisions, consumer actions, and monetary policy, the study of economics is international in scope. That means you must understand not just the economies of nations, but also the interrelatedness of national economies throughout the world. This easy, accessible guide will help you: Find out how many different financial, business, consumer, and political factors interact to create the overall economic reality of nations Understand business cycles, economic growth, and fiscal and monetary policies Study the relationships of various economic indicators, such as inflation, unemployment, and domestic output Gain a solid understanding of macroeconomics by building on microeconomic principles and using real-world examples If you're struggling with your economics course or you need to get up to speed on the topic of macroeconomics quickly, Macroeconomics For Dummies has you covered!

An accessible and engaging introduction to the big picture of UKand international economicsAre you studying macroeconomics, but don't know inflation fromstagflation? Have no fear! This easy-to-understand guide, writtenspecifically for the UK market, is packed with real-world examplesand cases that easily illustrate the key concepts you'll need toknow to fully grasp macroeconomics and ace your exams. Taking afun, step-by-step approach to the topic, this great guide providesan engaging introduction to macroeconomics and then delves intomore specific topics, such as business cycles, inflationunemployment, domestic output, monetary policy, and much more.When it comes to the interaction of politics, businessdecisions, consumer actions, and monetary policy, the study ofeconomics is international in scope. That means you must understandnot just the economies of nations, but also the interrelatedness ofnational economies throughout the world. This easy, accessibleguide will help you:* Find out how many different financial, business, consumer, andpolitical factors interact to create the overall economic realityof nations* Understand business cycles, economic growth, and fiscal andmonetary policies* Study the relationships of various economic indicators, such asinflation, unemployment, and domestic output* Gain a solid understanding of macroeconomics by building onmicroeconomic principles and using real-world examplesIf you're struggling with your economics course or you need toget up to speed on the topic of macroeconomics quicklyMacroeconomics For Dummies has you covered!

Introduction 1Part I: Getting Started with Macroeconomics 5Chapter 1: Discovering Why Macroeconomics Is a Big Deal 7Chapter 2: Looking at Key Questions and Concepts 21Chapter 3: Curing a Sick Economy of Four Afflictions 35Part II: Measuring the Things that Matter 47Chapter 4: Totting up a Country's Economic Activity: Gross Domestic Product 49Chapter 5: Facing the Fact of Increasing Prices: Inflation 67Chapter 6: Unemployment: Wasting Talent and Productivity 87Part III: Building a Model of the Economy 105Chapter 7: Working Out a Country's Economic Demand 107Chapter 8: Determining How Much Stuff an Economy Can Produce 125Chapter 9: Using the AD-AS Model to Analyse Shocks to the System 139Part IV: Examining Macroeconomic Policy 161Chapter 10: Using Monetary Policy to Influence the Economy 163Chapter 11: Fiscal Policy: Balancing the Books - Perhaps 183Chapter 12: Seeking Low Unemployment and Low Inflation: The Phillips Curve 197Chapter 13: Following Rules or Using Discretion: Two Approaches to Economic Policy 213Part V: Understanding the Financial Crisis 227Chapter 14: Considering Fundamental Weaknesses of the Financial System 229Chapter 15: Getting Away with Excessive Risk-Taking: Moral Hazard 245Chapter 16: Considering the Lessons of the 2008 Financial Crisis 265Part VI: The Part of Tens 283Chapter 17: Getting to Know Ten Great Macroeconomists 285Chapter 18: Ten Top Tips to Take Away 291Index 299