Introduction to Macroeconomics
Macroeconomics is a branch of economics and is very
important for evaluating the overall performance of the economy in terms of
national income. The main functions of macroeconomics are the collection,
organizing, and analysis of data. The main aim of this field is to understand
the reason for the fluctuations and to ensure the maximum level of employment
and income in a country.
The Importance of Macroeconomics
There is a pool of reasons why we need to study
macroeconomics.
· It
focuses on how the economy as a whole, functions and how the level of national
income and employment is determined based on demand and supply.
· The
subject also deals with economic growth of the country and explains how to
reach the highest state and sustain it.
· Macroeconomics
helps to bring stability in price level and analyses fluctuations in business
activities. It also explains factors that determine the balance of payments,
deficit, and remedial measures.
· This
field discusses the economic problems like poverty, unemployment, inflation,
deflation, etc. By its detailed studies, we can formulate correct economic
policies and also coordinate international economic policies.
· Lastly, macroeconomics theory has saved us
from the dangers of the application of this theory to the problems that we need
to look at the economy as a whole.
The Guide To Expert Education
The students need a very clear concept to study this
field of economics. University academic curriculum sets a very short deadline
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affected.
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