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Dec 15, 2023 · Macroeconomics is a branch of economics that studies the behavior of an overall economy, which encompasses markets, businesses, consumers, and governments....
- Basic economics concepts. Introduction to macroeconomics: Basic economics concepts Opportunity cost and the Production Possibilities Curve: Basic economics concepts Comparative advantage and the gains from trade: Basic economics concepts.
- Economic indicators and the business cycle. Gross Domestic Product: Economic indicators and the business cycle Limitations of GDP: Economic indicators and the business cycle Unemployment: Economic indicators and the business cycle.
- National income and price determination. Aggregate demand: National income and price determination Multipliers: National income and price determination Short-run aggregate supply: National income and price determination Long-run aggregate supply: National income and price determination.
- Financial sector. Financial assets: Financial sector Nominal v. real interest rates: Financial sector Definition, measurement, and functions of money: Financial sector Banking and the expansion of the money supply: Financial sector.
Macroeconomics is the branch of economics that looks at economy in a broad sense and deals with factors affecting the national, regional, or global economy as a whole. Microeconomics looks at the economy on a smaller scale and deals with specific entities
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Macroeconomics is a branch of economics that deals with the performance, structure, behavior, and decision-making of an economy as a whole. This includes regional, national, and global economies .
Key Terms. Models and graphs. Economics is a social science. This means that economists, in their study of human interactions, use models to simplify, analyze, and predict human behavior. Models include graphs and mathematical models. The purpose of these graphs and mathematical models is to simplify the many interactions that occur in an economy.
Aug 20, 2023 · Macroeconomics is the branch of economics that studies the economy as a whole. Macroeconomics focuses on three things: National output, unemployment, and inflation....
Figure 19.2 Macroeconomic Goals, Framework, and Policies This chart shows what macroeconomics is about. The box on the left indicates a consensus of what are the most important goals for the macro economy, the middle box lists the frameworks economists use to analyze macroeconomic changes (such as inflation or recession), and the box on the ...
