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Hirt/Block Cover
Fundamentals of Investment Management, 7/e
Geoffrey A. Hirt, DePaul University
Stanley B. Block, Texas Christian University
Economic Activity

Chapter Objectives


  1. Explain the concept of a top-down valuation process.
  2. Discuss the role of the federal government in influencing economic policy.
  3. Distinguish between the effects of fiscal policy and monetary policy.
  4. Explain how inflation and trade policy influence the economy.
  5. Describe the business cycle and how it relates to cyclical indicators.
  6. Explain the relationship of the business cycle to various industries.




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