| Description |
1 online resource |
| Contents |
Cover; Half Title; Title; Copyright; Dedication; Contents; Preface and Acknowledgments; 1. Introduction; Four Key Drivers for the Chinese Economy; A Large Population; A Very High Savings Rate; The Government's Role; Labor: The Great Economic Shock Absorber; Macroeconomics Review and Overview; The Macroeconomic Tradition; Case Study 1.1: Confucius, Adam Smith, and Family Values; Back to Supply and Demand; Key Analytic Distinctions in Macroeconomics; Business Cycles vs. Growth Cycles; Nominal and Real Variables; Flow Variables vs. Stock Variables; Exogenous vs. Endogenous Variables |
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Ten Basic Macro Facts Most Economists Could Agree On: A Chance to ReviewChallenging Questions for China (and the Student): Chapter 1; Notes; Reference; 2. Measuring and Accounting for the Output of a Nation: GDP; Different Approaches to Measuring GDP; Case Study 2.1: China's Basic Numbering System; Value of Final Goods and Sales Approach; Macro Finance Insight 2.1: One Firm's Contribution to GDP; Expenditure Approach; Value-Added Approach; Case Study 2.2: Goldilocks Data-Who Inflated and Shrunk China's GDP?; Macro Finance Insight 2.2: GDP Smoothing and Earnings Management; Income Approach |
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China's Presentation of GDP DataIssues in Measuring GDP; Does GDP Correspond to Well-Being?; Case Study 2.3: The Environment and Trade with the United States; Quality of Growth; Macro Finance Insight 2.3: Quantity of GDP vs. Quality of GDP; Prices and GDP Measurement; Price Distortions; Converting Nominal GDP into Real GDP: The Use of Price Indexes; China's Price Indexes; Consumer Price Index (CPI); The GDP Deflator; Other Price Indexes; Price Index Issues; Case Study 2.4: China's Unemployment Rate; Alternative Measures of GDP; Unaccounted Output |
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Macro Finance Insight 2.4: Stakeholders in the Macro-economyPurchasing Power Parity GDP; Command GDP; Challenging Questions for China (and the Student): Chapter 2; Notes; References; 3. China and the United States and the Balance of Payments; Case Study 3.1: China's Cautious (Wise) and Staged Liberalization of the Capital Account; Balance of Payments; Case Study 3.2: How Did China Accumulate Over US3 Trillion in Foreign Exchange Reserves?; Macro Finance Insight 3.1: The Role of the International Monetary Fund; Macro Finance Insight 3.2: China's External Balance Sheet and Capital Structure |
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Macro Finance Insight 3.3: The Pecking Order TheoryCurrent Account Balance from Four Angles; Approach #1: Current Account Balance by Definition; Approach #2: Current Account Balance and Absorption; Case Study 3.3: China and the United States-Two Sides of the Same Coin; Approach #3: Current Account Balance and the Gap Between Savings and Investment; Approach #4: Current Account Balance and External Debt; Macro Finance Insight 3.4: What is the Cash Flow for an Entire Economy?; Challenging Questions for China (and the Student): Chapter 3; Notes; References; 4. Long-Run Economic Growth |
| Summary |
This new textbook on the Chinese economy clearly presents all that the world's second largest economy has accomplished, as well as what work remains to be done. As economic development in China for the last 30 years has been mostly ""top down, "" this text focuses on the macroeconomic and monetary sides of the economy. Utilising case studies throughout, the book uses not only the traditional macroeconomics tools in explaining the Chinese economy, but also takes a novel approach by assessing China as a company. Through employment of models from finance, such as cash flows and valuations, the tex |
| Bibliography |
Includes bibliographical references and index |
| Notes |
Online resource; title from digital title page (viewed on May 8, 2015) |
| Subject |
Finance -- China
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Finance -- United States.
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Macroeconomics.
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Economic history
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Finance
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Macroeconomics
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| SUBJECT |
China -- Economic conditions.
http://id.loc.gov/authorities/subjects/sh85024011
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United States -- Economic conditions.
http://id.loc.gov/authorities/subjects/sh85140020
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| Subject |
China
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United States
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| Form |
Electronic book
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| ISBN |
9781317511939 |
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131751193X |
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9781315718088 |
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1315718081 |
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9781317511915 |
|
1317511913 |
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9781317511922 |
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1317511921 |
|
