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Macroeconomics: What It Is and Why It Matters

Copyright ©2012 Moses Sanchez, MBA

Smashwords Edition

Smashwords Edition License Notes

This ebook is licensed for your personal enjoyment only. This ebook may not be re-sold or given away to other people. If you would like to share this book with another person, please purchase an additional copy for each person you share it with. If you're reading this book and did not purchase it, or it was not purchased for your use only, then you should return to and purchase your own copy. Thank you for respecting the hard work of this author.

For Maria and your words of affirmation


My goal in writing this book was to introduce economics, specifically macroeconomics, to those interested in it. I find that in my courses, students find the topic frustrating for a number of reasons. The main reasons come down to the terminology and the instructors. I can’t fix the instructors, unless of course you take my course, but I may be able to help with the terminology.

I developed a series of power point slides for my courses and used them as a guideline for this book. I left out a few formulas and graphs because I felt the most difficult concepts were not the ability to read graphs but the terminology and concepts themselves. I focus the majority of the book on breaking down these concepts and terms into what I would call layman’s terms. This book could easily be a supplement to the economics book you already own for a course or just for one interested in a broader knowledge of economics. I hope you enjoy it.

What is Economics and why does it matter?

When most of us hear the term Economics we think of an extremely boring course in high school or college. Economics is defined as a social science concerned chiefly with the description and analysis of the production, distribution, and consumption of goods and services. That is the dictionary’s definition of Economics but what does this mean in layman’s terms?

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