By Christopher D. Piros
The economics heritage traders have to interpret international monetary information distilled to the fundamental components: a device of selection for funding decision-makers.
Written by means of a exceptional lecturers and practitioners chosen and guided by way of CFA Institute, the world’s greatest organization of finance execs, Economics for funding choice Makers is exclusive in featuring microeconomics and macroeconomics with relevance to traders and funding analysts continuously in mind. the choice of primary issues is accomplished, whereas insurance of issues similar to foreign exchange, foreign currency echange markets, and currency trading price forecasting displays international views of urgent investor importance.
- Concise, plain-English creation precious to traders and funding analysts
- Relevant to defense research, research, kingdom research, portfolio administration, and capital industry strategy
- Understand monetary information and what it means
- All techniques outlined and easily defined, no past history in economics assumed
- Abundant examples and illustrations
- Global markets perspective
Read or Download Economics for Investment Decision Makers Workbook: Micro, Macro, and International Economics PDF
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Additional resources for Economics for Investment Decision Makers Workbook: Micro, Macro, and International Economics
Example text
The tools that governments use in implementing fiscal policy are related to the way in which they raise revenue and the different forms of expenditure. Governments usually raise money via a combination of direct and indirect taxes. Government expenditure can be current on goods and services or can take the form of capital expenditure—for example, on infrastructure projects. As economic growth weakens or when it is in recession, a government can enact an expansionary fiscal policy—for example, by raising expenditures without an offsetting increase in taxation.
That is, S ¼ I þ (G À T ) þ (X À M ). Consumption spending is a function of disposable income. The marginal propensity to consume represents the fraction of an additional unit of disposable income that is spent. Investment spending depends on the average interest rate and the level of aggregate income. Government purchases and tax policy are often considered to be exogenous variables determined outside the macroeconomic model. Actual taxes collected depend on income and are, therefore, endogenous—that is, determined within the model.
A prolonged period of an official interest rate of zero without an increase in economic growth most likely suggests that: A. quantitative easing must be limited to be successful. B. there may be limits to the effectiveness of monetary policy. C. targeting reserve levels is more important than targeting interest rates. 20. Raising the reserve requirement is most likely an example of which type of monetary policy? A. Neutral B. Expansionary C. Contractionary 50 Learning Outcomes, Summary Overview, and Practice Problems 21.