introduction to macroeconomics
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Macroeconomics is derived from Greek Prefix “macr(o)” meaning “large” + economics. It is a branch of economics dealing with the performance, structure, behavior, and decision making of the entire economy. This includes a national, regional, or global economy. Microeconomics and Macroeconomics are two most general fields in Economics.
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While microeconomics is concerned primarily with the decisions made by an individual within the usual economic constraints of scarcity, macroeconomics (Greek makro = 'big) is the field of study that is concerned with the indicators that reflect the performance of the broader economy- gross domestic product, inflation ...
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