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Macroeconomics is a branch of its parent science recognized as “economics”. It includes performance, decision-making, behavior, & structure of the economy. It has no relation to a particular market or individual firm. It is used in national, international and regional economics. The branch helps in the analysis of factors including development rate, unemployment ratio, price rise, national income, and GDP. There are three models adopted in Macroeconomics that are Aggregate demand-aggregate supply, IS-LM, and Growth model. The two policies of Macroeconomics are Monetary and Fiscal policy.
Similar to economics its division Macroeconomics also needs an extensive knowledge to write assignments. Macroeconomics deals with different sensible factors like GDP, Unemployment rate etc thus one need to do an outstanding research on the subject to write assignments. Global, national and regional factors differ. So, it makes the assignments more complex.
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|Inflation and Deflation||Circular Flow of Income|
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|An economy with Booms & Recessions||Output and Income|
|Fiscal Policy||Aggregate demand and supply|
|Elasticity or Marginal rate of substitution||Cost of Production- Short Run v/s Long Run|
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