This manual is an extensive exploration of macroeconomic principles, providing a deep dive into key variables, models, and theories that underpin the study of economics. It starts with fundamental concepts, like GDP and inflation, laying the groundwork for more complex models such as the IS-LM and AS-AD frameworks. Each chapter introduces a major area of economic theory, from the workings of the goods and money markets in closed economies to the intricacies of the Phillips Curve and the impact of monetary and fiscal policies on economic growth and cycles.
Notably, the manual extends the discussion to open economy models, examining balance of payments, exchange rates, and international policy effects within the Mundell-Fleming framework. Furthermore, contemporary topics such as unconventional monetary policy, cryptocurrencies, and modern monetary theory are also addressed, reflecting the evolving nature of economic discourse. Each section includes self-assessment questions, allowing readers to gauge their understanding and apply theoretical knowledge to practical problems.
Designed for professionals, this manual is ideal for anyone looking to deepen their understanding of macroeconomics or seeking to refine their analytic skills in the field.
EFFAS is a not-for-profit organisation founded in 1962. Its goal is to set the requirement standards for investment professionals, to act as a think tank and centre for discussion and be a European reference in Training & Qualifications.
EFFAS is the umbrella organisation of 14 national societies in Europe. It represents more than 16,000 Financial Analysts, Asset Managers, Pension Fund Managers, Corporate Finance Specialists, Risk Managers, Treasurers and other professional profiles in the investment professions.
Economics Wirtschaft CEFA Manual EFFAS Finance