Macro Economics

Macroeconomics is a branch of economics that deals with the performance, structure, and behavior of a national or regional economy as a whole. Along with microeconomics, macroeconomics is one of the two most general fields in economics. Macroeconomists study aggregated indicators such as GDP, unemployment rates, and price indices to understand how the whole economy functions. Macroeconomists develop models that explain the relationship between such factors as national income, output, consumption, unemployment, inflation, savings, investment, international trade and international finance. Macroeconomic models and their forecasts are used by both governments and large corporations to assist in the development and evaluation of economic policy and business strategy.

While microeconomics is primarily focused on the actions of individual agents, and how their behavior determines prices and quantities in specific markets, macroeconomics is a broad field of study. They attempt to understand the causes and consequences of business cycle, and the determinants of long term economic growth.