Introduction - Macro-Economic Policy

NotesQuiz

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)

NotesQuiz