What is the scope of Macroeconomics in economics analysis?

Answer 1

Macroeconomics analysis encompasses the study of aggregate behavior and its effect on the economy as a whole. This is in contrast to microeconomics which looks at the individual behavior of the consumer, the firm or the industry. Macroeconomics looks at the collective behavior of all individuals and examines how this collective behavior impacts upon macroeconomic variables such as output, employment, inflation, interest rates, exchange rates and growth.