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Principles of Macroeconomics: Theory, Application and Applied Practice

Principles of Macroeconomics: Theory, Application and Applied Practice

Author(s): Aaishatu Glover

Edition: 1

Copyright: 2024

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$80.00

ISBN 9798385100736

Details KHPContent 180 days

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Principles of Macroeconomics: Theory, Application and Applied Practice provides an intuitive analysis into the dynamics of the study of the economy as a whole. It analyzes theories, applications, and applied practices of economic policy, GDP (Gross Domestic Product), inflation, and economic growth. In macroeconomics, the goal is to understand how different factors such as government policies, consumer behavior, and international trade impact the overall performance of the economy. It also examines how changes in key economic indicators like GDP, inflation rates, and economic growth can influence decision-making at both macro and micro levels. 

Principles of Macroeconomics: Theory, Application and Applied Practice intends to share the core concepts of global markets, international trade, fiscal policy, and the components impacting the Gross Domestic Product of various countries across the globe. The textbook delves into several empirical data points that are used to measure economic growth and test economic theories. Some of the key empirical data points in macroeconomics that are commonly explained in the textbook points to the following: 

  1. Gross Domestic Product (GDP): GDP is one of the most important indicators of economic growth. It measures the total value of all goods and services produced within a country's borders over a specific period.
  2. Inflation Rate: The inflation rate measures the rate at which the general price level of goods and services in an economy is rising. It is an important indicator of the purchasing power of a currency.
  3. Unemployment Rate: The unemployment rate measures the percentage of the labor force that is unemployed and actively seeking employment. It is a key indicator of the health of the labor market and overall economy.
  4. Interest Rates: Interest rates, set by central banks, influence borrowing, lending, and investment decisions in the economy. They play a crucial role in shaping economic growth and inflation
  5. Consumer Confidence Index: This index measures the level of confidence that consumers have in the economy and their own financial situation. It is a leading indicator of consumer spending and economic growth.
  6. Trade Balance: The trade balance measures the difference between a country's exports and imports. It is an important indicator of the competitiveness of a country's economy in the global market. 

The textbook allows for a comprehensive understanding into empirical data points used by economists to analyze economic trends, test economic theories, and make informed policy recommendations to promote sustainable economic growth and stability.

Aaishatu Glover

Aaishatu Glover is an adjunct professor at St. John’s University, where she teaches courses in macroeconomics, microeconomics, and financial management. Dr. Glover holds a Ph.D. in Creative Leadership for Innovation and Change from the University of the Virgin Islands, a Bachelor of Science Degree in Business Administration from Lincoln University, a Master of Science in Organizational Management, and an MBA from St Joseph’s College, and a Master’s Certificate in Creative and Change Leadership from Buffalo State University. She is a servant leader with over 20 years in the public, private, and non-profit sectors, having served as a Senior Accountant/Broker-Dealer at Bear Stearns/JP Morgan Chase Bank, Deputy Commissioner, Controller and Director of Finance and Operations. As an educator and community leader, Dr. Glover volunteers by teaching financial literacy to students in grades K-12 for Blueskies Empowerment Enterprises. She also provides valuable information to minority homeowners impacted by gentrification and unfair lending practices. Dr. Glover is a member of the Urban Financial Services Coalition, Black Woman PhDs, and the American Economic Association. Aaishatu Glover is actively exploring further research to examine transformational government leadership’s approach to inclusion based on economic development initiatives. As an instructor, Dr. Glover enjoys fostering critical thinking, encouraging active participation, and connecting theoretical concepts to real-world applications. Dr. Glover aims to empower students and equip them with the skills and knowledge necessary for success.

Principles of Macroeconomics: Theory, Application and Applied Practice provides an intuitive analysis into the dynamics of the study of the economy as a whole. It analyzes theories, applications, and applied practices of economic policy, GDP (Gross Domestic Product), inflation, and economic growth. In macroeconomics, the goal is to understand how different factors such as government policies, consumer behavior, and international trade impact the overall performance of the economy. It also examines how changes in key economic indicators like GDP, inflation rates, and economic growth can influence decision-making at both macro and micro levels. 

Principles of Macroeconomics: Theory, Application and Applied Practice intends to share the core concepts of global markets, international trade, fiscal policy, and the components impacting the Gross Domestic Product of various countries across the globe. The textbook delves into several empirical data points that are used to measure economic growth and test economic theories. Some of the key empirical data points in macroeconomics that are commonly explained in the textbook points to the following: 

  1. Gross Domestic Product (GDP): GDP is one of the most important indicators of economic growth. It measures the total value of all goods and services produced within a country's borders over a specific period.
  2. Inflation Rate: The inflation rate measures the rate at which the general price level of goods and services in an economy is rising. It is an important indicator of the purchasing power of a currency.
  3. Unemployment Rate: The unemployment rate measures the percentage of the labor force that is unemployed and actively seeking employment. It is a key indicator of the health of the labor market and overall economy.
  4. Interest Rates: Interest rates, set by central banks, influence borrowing, lending, and investment decisions in the economy. They play a crucial role in shaping economic growth and inflation
  5. Consumer Confidence Index: This index measures the level of confidence that consumers have in the economy and their own financial situation. It is a leading indicator of consumer spending and economic growth.
  6. Trade Balance: The trade balance measures the difference between a country's exports and imports. It is an important indicator of the competitiveness of a country's economy in the global market. 

The textbook allows for a comprehensive understanding into empirical data points used by economists to analyze economic trends, test economic theories, and make informed policy recommendations to promote sustainable economic growth and stability.

Aaishatu Glover
Aaishatu Glover

Aaishatu Glover is an adjunct professor at St. John’s University, where she teaches courses in macroeconomics, microeconomics, and financial management. Dr. Glover holds a Ph.D. in Creative Leadership for Innovation and Change from the University of the Virgin Islands, a Bachelor of Science Degree in Business Administration from Lincoln University, a Master of Science in Organizational Management, and an MBA from St Joseph’s College, and a Master’s Certificate in Creative and Change Leadership from Buffalo State University. She is a servant leader with over 20 years in the public, private, and non-profit sectors, having served as a Senior Accountant/Broker-Dealer at Bear Stearns/JP Morgan Chase Bank, Deputy Commissioner, Controller and Director of Finance and Operations. As an educator and community leader, Dr. Glover volunteers by teaching financial literacy to students in grades K-12 for Blueskies Empowerment Enterprises. She also provides valuable information to minority homeowners impacted by gentrification and unfair lending practices. Dr. Glover is a member of the Urban Financial Services Coalition, Black Woman PhDs, and the American Economic Association. Aaishatu Glover is actively exploring further research to examine transformational government leadership’s approach to inclusion based on economic development initiatives. As an instructor, Dr. Glover enjoys fostering critical thinking, encouraging active participation, and connecting theoretical concepts to real-world applications. Dr. Glover aims to empower students and equip them with the skills and knowledge necessary for success.