Macroeconomics

Micro economics is concerned with single markets such as the market for steel or cars or clothes and the supply and demand in that single market. Macroeconomics is much broader and considers economic aggregates i.e. the output for the whole country and the "general" price level. This involves the study of inflation, unemployment, growth etc.

How to avoid the occurrence of economic depressions and slumps.

In the debate of the benefits are drawbacks of both market and mixed economies. I found that in a market economy, there is greater part of a nation's soil, factory, in this expenses, own, also through persons or company. All of the economy-related choice that comprise on who manufacture and the price of goods, manual labor, and assets are strong minded through the interaction of two services. As we know the offer and command alter for a supplies or tune-up, as will as the sdvertising cost. In this it is the lesser the cost the extra citizens demands the manufactured goods; the elevated the cost, the fewer citizens command it. Nevertheless, the lesser the value, the slighter the amount that the manufacturer will deliver: the elevated the cost, the extra they will provide. In this walk, it is familiar with to be called the "price mechanism" ( are market mechanism) dicate transport and command. Marketplace money matters are deep=rooted in the conviction that person cocern ought to be sited above grouping concern. Though, cluster settlement while persons are given incentive and plunder to take steps in firm conduct. On behalf of serveral centuries the world's governing financial viewpoint support command organize of an important price of a society's possessional trade. But, in the history a fresh advance of the nationwide finances have name in favor of less administration maddling in and better person financial independence. The approach have suit to identify as Laissez-Faire system, this in securely translate as of Frech because they permit them in the direction of interfering. On the way to meaning as effortlessly and correctly, a marketplace financial system require three belonging at no cost option, complimentary venture and cost suppleness. In addition in the marketplace financial system, the administration has comparatively small circuitous participortion in commerce behavior. Though, this has typically acting four significant roles: enforce antitrust law, preserve possessions humar rights, as longas a stable fiscal and monetary environment, and environment, ans preserve opinionated constabcy. Furthermore inside the mixed economy this is a structure in which property, plant, and additional financial capital be some what evenly divide connecting confidential a mixed economy, the administration within a centrally intended financial system, sector with the purpose of it consider significant in the course of nationwide safety and long-standing constancy. This sector comprise iron and steel industrialized ( this assist seis in the direction of building military equipment), oil and gas assembly ( this assist assurance sustained industrialized and accessibility), and automobile industrialized ( this assist security service for great part of the labor force). A quantity of the mixed economies as well maintain kind wellbeing system to bear without a job and offer wellbeing for broad-epectrum inhabitants. Decline of mixed economies have a lot of mixed economies are remaking themselves in the direction of look like extra market-based system. While this benefits is own through the administration present seem to subsist fewer inducement to get rid of squander otherwise toward put into practice novelty. Widespread administration possession trends to consequence within a short of blame and answerability, increasing expenses, faulty crop, and sluggish financial enlargement. I found my work at, Wild, Wild, Han: Pearson Prectice-Hall, Edition: 3 Chapter 4 & 6 In a mixed economy the government equally owns just as much as the privately owned resources or businesses. A market economy is when most resources or a business is usually privately owned. There are benefits, and drawbacks in both market and mixed economies. In a mixed economy things that are usually owned by the government are economic sectors that are considered to dependent on the countries stability, or growth. The government controlling things like oil would keep down the greed within a country, and keep a country running smoothly. For instance if an oil company was privately owned they may charge outrageous prices for it because they know people have to have it. This could cause things like a higher poverty rate, crime, and economic decline. However, when government owns a lot of the businesses there may not be enough room for entrepreneurship in a country to build a country adequately or to the best of its advantage. Countries GDP, GNP, PPP, or HDI are usually lower in a mixed economy compared to a market economy, or lower than what they would be. In other words mixed economies are not able to reach the best standards of living they are held back by their government to become a more successful country. A market economy allows lots of room for entrepreneurship. A business is also protected by laws that the government has designed and enforces for the benefit of a business owner. These four important roles the government has designed in a market economy are enforcing antitrust laws, preserving property rights, providing a stable fiscal and monetary environment, and preserving political stability ( Wild, page 129). A market economy seems to work for most economies, but in some events it takes a country along time to reach their country goals as a market economy. When the poverty level is extremely low the education level usually is too in a country. which means the country has to train their people to become more capable of fulfilling a job. If the country doesn't have the money to train their people adequately they could run into the problem of their country not developing at a fast pace or at a much slower pace than desired. They could also have no welfare plan effect which will also affect their countrymen, and women's health. Unhealthy workers also make ineffective workers. I think India is a prime example of these circumstances. Refernces Wild, Han. (2006). International Business 3rd edition. Upper Saddle River, New Jersey: Pearson Prentice- Hall.

Both. In the macro sense it requires government participation to supply the funding. In the micro sense, it requires social-workers to apply these funds for subsidies to the "deserving poor".

discuss the macroeconomic goal?

Microeconomics is the study of how households and firms make decisions and how they interact in markets. Microeconomics explores the patterns of supply and demand that determine how prices and outputs are established in individual markets. www.textbookvideos.com

Macroeconomics is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole, rather than individual markets.

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.

Potential output is the capacity to produce should all factors be employed in an economy. For example, it is the output should there be no unemployment, no spare labour and no spare capital. It is unlikely that actual output will be the same as potential ouput since there is always unemployment.

It can be important when the decisions of management are related to the whole of the social system. A possible change in the forecast of the progress of the macro-economy can result in the need for the managemental decision-making to re-align with it.

for micro we are studying the economic systems in general but as for macro we are now `looking at the world 's economy as a whole

All parts

The question is not very specific. The instruments are usually regarded as ways that the Government controls the rate of progress of the social system. It does this by instructing the treasury and national bank to: 1. To reduce or increase or reduce the National Debt. It does this by printing or withdrawing money from the banks including the national bank. 2. Adjust the "prime rate" of interest on new issues of Government Bonds. This is not able to be very effective, because it normally has to be not very different from the rate at which the average investment in shares grows. In times of slump when the rate of progress is low, the greater confidence in these bonds allows the rate to be set low. In time of boom and prosperity, the bonds will not find purchasers unless the rate is high and similar to the average rate of growth of the shares in the stock-market. By making this rate greater or smaller than the general trens, re-issues of the bonds will be sought after or neglected, resulting in item 1. having an less direct effect without money necessarly having to be printed or destroyed.

the ZZ line will become steeper and a given change in autonomous consumption to have a larger effect on output

Macroeconomics are used in a large number of applications. From forecasting the effects that a lowered interest rate will have on the bond market, to the net effects that a higher unemployment rate will have on a nation's GDP, the uses are varied. It is through macroeconomics forecasting that the Federal Reserve of the United States determines their lending rates to the member banks, which in turn affects the loan interest that is offered to borrowers.

Capital goods are the produce that are in process of being manufactured, but are not yet completed for sale. Capital goods also means the buildings, installations, equipment, tools, transport vehicles etc that are used in the production process and which are only slightly affected by it in terms of depreciation without the transformation as suggested by the former category of these kind of goods.

MICROECONOMICS- this deals with any individual segment of economy. MACROECONOMICS- this deals with the whole economy.

It is not so much an example as a part of the general subject. When the social system results in some people being unemployed and the magnitude of the phenomena is visable as a part of the whole, then it can be regarded as examplcular.

It depends on the way that the subject is modelled as to how many and what are the variables involved. Some models are incomplete and have only a few variables. The smallest model that I know that is comnplete has 19 variables. They are all money flows which are opposite to the value of the goods, services and valuable legal documents that flow in the opposite direction between the same entities.

The workings of the whole economy or large sectors of it.

Suppose g=160,i=120 find gdp

Microecnomics is the study of economics on a small scale and macroeconomics is on a large scale. They are related in that general trends in either macro or micro will sometimes affect the other, but other times they can have completely opposite trends. In the general view of the two, a trend in one will be reflected in another, although sometimes on different scales

To promote economic growth

To manage unemployment to low levels

To manage inflation to low levels

There is only one authority responsible, and that applies to all countries. It is the government.

what is the openess and implications for macroeconomic stability what is the openess and implications for macroeconomic stability