Micro: behavior of households and firms. Macro: economy wide issues such as unemployment, inflation, econ. growth/development.
MICROECONOMICS- this deals with any individual segment of economy. MACROECONOMICS- this deals with the whole economy.
economyic example
tightening the family budget
To promote economic growth To manage unemployment to low levels To manage inflation to low levels
Micro: behavior of households and firms. Macro: economy wide issues such as unemployment, inflation, econ. growth/development.
MICROECONOMICS- this deals with any individual segment of economy. MACROECONOMICS- this deals with the whole economy.
economyic example
tightening the family budget
To promote economic growth To manage unemployment to low levels To manage inflation to low levels
Macroeconomics is the study of a nation's economy. (Aggregate demand, aggregate supply, GDP, economics growth, inflation etc are all terms used in macroeconomics to describe one economy on its own)
cutting state income taxes
cutting state income taxes
N. Gregory Mankiw has written: 'Brief principles of macroeconomics' -- subject(s): Macroeconomics 'Macroeconomics 5E & Smarthinking 6 Month Subscription' 'Disagreement about inflation expectations' -- subject(s): Inflation (Finance), Mathematical models, Forecasting 'Introduction to Macroeconomics' 'Macroeconomics, Study Guide, Wall Street Journal Subsription Card & Dismal Scientist Activation Card' 'PRINCIPLES OF ECONOMICS' 'Principles of Macroeconomics (with Xtra!)' 'Principles of Macroeconomics' -- subject(s): Macroeconomics 'Macroeconomics & Dismal Scientist Activation Card' 'Principle of Macroeconomics with Other' 'Student Guide and Workbook' 'The savers-spenders theory of fiscal policy' -- subject(s): Consumer behavior, Consumption (Economics), Debts, Public, Econometric models, Fiscal policy, Inheritance and succession, Public Debts, Saving and investment, Tax incidence 'Macroeconomia' 'Study Guide for Essentials of Economics' 'Sticky information' -- subject(s): Econometric models, Labor productivity, Unemployment, Monetary policy, Inflation (Finance), Wages, Business cycles, Labor market, Information theory in economics 'Principles of Microeconomics' 'Study Guide for Mankiw's Principles of Microeconomics, 4th' 'Principles of Microeconomics with Xtra Card' 'Brief Principles of Macroeconomics' -- subject(s): Macroeconomics 'Macroeconomics 5e & Student Guide & WSJ & Gd & Econ Report of the President' 'Real business cycles' -- subject(s): Business cycles, Keynesian economics 'Macroeconomics & Wall Street Journal Subscription Card 2.0' 'Student Guide and Workbook for Use With Mankiw Macroeconomics' 'What measure of inflation should a central bank target?' -- subject(s): Banks and banking, Banks and banking, Central, Central Banks and banking, Effect of inflation on 'Essentials of economics' -- subject(s): Economics 'Economics & Society (Professors Arias, Farr, & Walker)' 'Macroeconomics & Financial Times Subscription Card' 'Study guide to accompany principles of microeconomics' -- subject(s): Accessible book, Microeconomics, Study and teaching, Economics 'Macroeconomics 5E, Dismal Scientist Activation Card & Study Guide' 'Student Guide and Workbook for Use With Mankiw Macroeconomics' 'Economic Report of the President' 'Macroeconomics & Wall Street Journal Subscription Card' 'Macroeconomics + Case Study Booklet' 'Macroeconomics, Fifth Edition & 2004 Economic Report of the President' 'Principles of Microeconomics + Fortune Columns' 'The reincarnation of Keynesian economics' -- subject(s): Keynesian economics 'Macroeconomics & Study Guide' 'The politics and economics of offshore outsourcing' -- subject(s): Contracting out, Mathematical models, Offshore assembly industry, Political aspects, Political aspects of Offshore assembly industry 'Principles of Micro & Macroeconomics' 'Principles of Microeconomics' -- subject(s): Microeconomics 'Solutions Man T/A Macroeconomi' 'Principios de Economia' 'Principle Macroeconomic' 'Study Guide for Mankiw's Principles of Macroeconomics, 4th' 'Wallstreet Journal Edition of Principles of Economics' 'Macrobytes 3.0'
my short and simple answer would be the " study of the economy as a hole" but ill break that down a little bit more for you... macroeconomics is a study focusing on the behavior of the overall economy, including factors such as inflation and deflation, the level of unemployment, and production. it is the opposite of microeconomics.
How to avoid the occurrence of economic depressions and slumps.
The comparison of macroeconomics and macroeconomics is that, it looks at the economy as a whole by considering the aggregates such as; GDP, depression, international trade and un employment problem among others. Macroeconomics differs from Microeconomics in that it looks at the economy as a whole while micro considers a single unit of the economy. for example, household income, business firm and other sectors like agriculture.