CIMA BA1 Syllabus A. Macroeconomic And Institutional Context Of Business - Introduction - Macro-Economic Policy - Notes ^{1 / 17}

The study of economics can be divided into:

1. Macroeconomics 

   Looks at "aggregate" behaviour, basically the sum of individual economic decisions.

2. Microeconomics 

   is the study of the individual's (and firms) economic behaviour

Macro-economic policy / macroeconomics

covers the following issues:

1. Unemployment

2. Inflation

3. Productivity

4. Interest rates

5. Government budget

6. Foreign trade (Imports v Exports)