Question

You have just spent 8 weeks studying Macroeconomic policy. In your own words what is proper Macroeconomic Policy.

Answer 1

Macro Economics

Macro Economics is a branch of Economics, that studies how an overall economy the market system that operate behaves as a whole.the word macro is coming from the greek word "makro" means" large."Which dealt with main factors of an economics such as employment,inflation, aggregate demand and supply,national income,total expenditure related to domestic and foreign country,balance of payment and macroeconomics policies like fiscal and monetary policies,exchange policy and supplyside policy. etc.in aggregate point of view.Macro Economics. Reducing inlation, Increasing economi growth, implimentation of fiscal policies are the example of macro economics.

The main goal of Macro Economics are stability of the economy, fullemployment, balance of payment, sustainable economic growth, and government and policies.

scope of the macro economics are which is concerned with the behaviour of the economy as a whole,the subject matter of this is income and employment, inflation, money supply,price level, investment and economic growth and development,the purpose of macroeconomics is analysis and solutions finding of the economic problems to ensure the overall development of the economy.

Macro economics suffering some limitations with taxation,government regulations and law.Mathematical analysis will be more challengable due varying social preferences in realworld and conscience.However Macro economics is the vital and inevitable part of economic studies.