Concise Guide to Macroeconomics:
What Managers, Executives, and
Students Need to Know by David A.
Moss
A Very Basic Intro - But A Good One
Now more than ever before, executives and managers need to understand
their larger economic context. In A Concise Guide to Macroeconomics,
David Moss leverages his many years of teaching experience at Harvard
Business School to lay out important macroeconomic concepts in
engaging, clear, and concise terms. In a simple and intuitive way, he
breaks down the ideas into output, money, and expectations. In
addition, Moss introduces powerful tools for interpreting the big-picture
economic developments that shape events in the contemporary business
arena. Detailed examples are also drawn from history to illuminate
important concepts.

This book is destined to become a staple in MBA courses as well as the
go-to resource for executives and managers at all levels seeking to brush
up on their knowledge of macroeconomic dynamics.
Personal Review: Concise Guide to Macroeconomics: What
Managers, Executives, and Students Need to Know by David A.
Moss
Professor Moss' Concise Guide to Macroeconomics is titled aptly. It is
very concise; fluidly written and easily read in a couple of sittings. It is also
very fundamental. The author focuses in one the three core pillars of
macro-economics, output, money and expectations, and takes the reader
through them in a tried and trued presentation format: tell the reader what
you're going to tell them, tell them, then tell them what you just told them.
As such the first part has a chapter dedicated to introducing each of these
three core concepts. The second part has a chapter for each of these
three concepts again, but with slightly more sophistication afforded from
the reader now having seen all three concepts in isolation, and the
conclusion quickly ties everything together holistically. I found this format
very effective for the content it was meant to convey.
To be clear though concise is the key word to describe this book. It covers
first things first and only first things. As such many concepts, such as
foreign reserves, aren't even mentioned. This book is very much a starting
point, and it is written for the lay reader with only a simple or passing
knowledge of economics concepts in general. It certainly won't make you
a genius who can understand the world. It could likely help students
understand concepts qualitatively but has no real math or graphical
analysis and probably wouldn't help students with their homework or tests.
Despite its brevity and the fact it skips some topics many would like to see
in a macroeconomics book I feel five stars is richly deserved on account of
an admirable and rare honesty on behalf of the author. Although a
Harvard Business School professor (and thus, if reputation is to be
believed, about as educated as one can come) Mr. Moss is extremely clear
that macroeconomics is not a precise science, most macroeconomic
theories do not slide seamlessly into successful practice in real life, the
reasons behind macroeconomic situations (i.e. currency collapses,
recessions, sharp inflation, etc.) can be ambiguous and arguable, and
macroeconomic monetary and fiscal policies (such as interest rate cuts or
deficit spending) can have contradictory and unpredictable impacts in the
real world. His explanation of macroeconomics can show how we can ask
smarter questions to increase our chances of being successful when it
comes to private enterprise and government venture, but also shows why
there is such disagreement and room for argument on both sides of any
macroeconomic issue.

A great starting place and, rare for an academic book, armed with a highly
appropriate warning on the limits of a imprecisely understood albeit very
important topic.
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