Economics Part B

Macro-economics

Macro-economics - Explained

The field which concentrates on complete sectors or on the economy as a whole, unlike micro-economics, which focuses on data at the level of the single firm or a small grouping of firms.

The areas dealt with in macro-economics: calculation and analysis of GNP (gross national product) in its various components (private consumption, government consumption, exports, imports, the development of credit in the economy, foreign currency movements into and out of the country and so on

Macro-economics 531Macro-economics