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Macro Economics Assignment Help Service
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About Macro Economics and Macro Economics Assignment Help
What is ‘Macro Economics’?
Macro Economics is a field of economics that explores how the entire economy behaves. In this field of study, all the larger economy-wide phenomena are being examined such as inflation, price levels, rate of growth, national income, gross domestic product, and changes in unemployment.
It focuses on trends in the economy and how the economy moves as a whole.
Macroeconomics differs from microeconomics, which focuses on smaller factors that affect choices made by individuals and companies. Factors studied in both microeconomics and macroeconomics typically have an influence on one another. For example, the unemployment level in the economy as a whole has an effect on the supply of workers from which a company can hire.
The Study of Macroeconomics
Those working in the field of macroeconomics study aggregated indicators such as unemployment rates, GDP, and price indices, and then analyze how different sectors of the economy relate to one another to understand how the economy functions. Macroeconomists develop models explaining relationships between a variety of factors such as consumption, inflation, savings, investments, international trade and finance, national income, and output. Contrarily, microeconomics analyzes how individual agents act, namely consumers and corporations, and studies how these agents’ behavior affects quantities and prices in certain markets. Such macroeconomic models, and the models’ forecasts, are used by government entities to aid in the construction and evaluation of economic policy.
- Output and income
- Inflation and deflation
- Aggregate demand–aggregate supply
- Growth models
- Monetary policy
- Fiscal policy
- Public economics
- International economics
- Game theory
- Health economics
- Labor economics
- Business economics
- Advanced econometrics
- Demand forecast
- Economics cost curve
- Political economics
- Demand supply analysis
- Managerial economics