Question

What are the features of Macro-Economics?

Answer 1

1) Unit of study / nature of analysis – Aggregate and Macroscopic

2) Theory of National income and employment

3) Theory of money and interest

4) Lumping Method

5) A Bird's eye view of the Economy

6) Theory of general price level

Answer 2

The branch of economics which deals with large scale general economic factors is known as macro-economics.

It deals with the study of economy as whole. It is related with some aggregated concepts such as:

i) National output and input  

ii) Employment  

iii) Complete business cycle  

iv) Level of prices of things

v) Total production and consumption  

vi) Total investment  

vii) Total saving

viii) Total demand