2006-10-12 18:55:26 · 9 answers · asked by jithu 1 in Business & Finance ➔ Investing
Macroeconomics is a sub-field of economics that examines the behavior of the economy as a whole, once all of the individual economic decisions of companies and industries have been summed. Economy-wide phenomena considered by macroeconomics include Gross Domestic Product (GDP) and how it is affected by changes in unemployment, national income, rate of growth, and price levels.
In contrast, microeconomics is the study of the economic behaviour and decision-making of individual consumers, firms, and industries.
Macroeconomics can be used to analyze how to influence government policy goals such as economic growth, price stability, full employment and the attainment of a sustainable balance of payments.
Macroeconomics is sometimes used to refer to a general approach to economic reasoning, which includes long term strategies and rational expectations in aggregate behavior.
2006-10-12 20:54:14 · answer #1 · answered by dredude52 6 · 0⤊ 0⤋
In simple, Study of Economics in a Macro level (wide or detailed angle). It is other wise called, Birds Eye View study of economics as a whole.
2006-10-12 20:11:42 · answer #2 · answered by Ajubhai. 2 · 0⤊ 0⤋
the study of economy of a country as a whole is called macro economics
2006-10-13 02:40:23 · answer #3 · answered by shankar raman 2 · 0⤊ 0⤋
Do you mean Micro - Economics?
If so rephrase.
Editing:
It is the overall study of certain event that affects world economic.
Example of such events:
Triple vammy that affected gas prices and oil prices all over the world. First we had Karina, then Rita, and then British Petroleum had Alaskan Pipe line failure.
Few years back OPEC was formed and since then petroleum industry is not the same.
World changed all together after and during each world war.
2006-10-12 18:57:55 · answer #4 · answered by minootoo 7 · 0⤊ 0⤋
The study of over-all systems, global economics.
2006-10-12 18:56:40 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Simply, economics.
2006-10-12 19:03:57 · answer #6 · answered by floozy_niki 6 · 0⤊ 0⤋
Macroeconomics is basically the "big picture" of economics as opposed to microeconomics which is much more detailed.
2006-10-12 18:57:42 · answer #7 · answered by Rx 4 · 0⤊ 0⤋
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2006-10-13 05:01:36 · answer #8 · answered by stock.geek 2 · 0⤊ 0⤋
A larger study of the economy ie. domestic and global economy.
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2006-10-12 23:32:04 · answer #9 · answered by Anonymous · 0⤊ 0⤋