Meaning
of Macro Economic – It’s Importance
In macro economics, we study the
economics as a whole. We raise big issues which have collectively important for our economics. In it, we study the aggregates or average function witch
have a close relationship with economics. For example like total employment,
national income, total production, total saving and total demand or supply etc.
In macro economics, we study these
topics as a whole and their ups &
down, also inter-relationship
with each other. In other words, we call the macro economics – theory of income
and employment or income analysis. Macro economics have close relation with unemployment, inflation & deflation,
international trade and development.
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| Macro Economics |
Importance
of Macro Economics –
Analysis
the economics activity
– to understand any economic activity, we must firstly understand their macro
variables like – total income, employments, productions because mostly our
problems have a close relation with these factors.
Policy
formation – macro
economics play a very important role when we form any policy. These Policies
are important for any economics like unemployment, total income, development,
monetary issue or trade etc.
Analysis
the individual issue
– when we discuss the big issue, firstly we understand the micro-issue. For
example if there is a decrease in demand & supply at micro level, we try to
understand the factor or issue then after we make a solution of demand &
supply at macro level
