Macroeconomics at Home
Wednesday, May 2nd, 2007Every semester thousands of students groan at the thought of taking a class in economics. Often, their introduction to economics will be in a course about macroeconomics.
According to InvestorWords.com “The study of the behavior an economy at the aggregate level, as opposed to the level of a specific subgroups or individuals (which is called microeconomics). For example, a macroeconomist might consider the industrial sector, the services sector or the farm sector, but he/she will not consider specific parts of any of these sectors. Factors studies include inflation , unemployment, and industrial production, often with the aim of studying the effect of government policy on these factors.”
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