What is macroeconomics?

Macroeconomics is the branch of economics that studies the behavior and performance of the entire economy. It deals with issues related to production, consumption, and distribution of goods and services on a national or global scale. Macroeconomics examines how the overall economy functions, including the measurement of economic growth, inflation, and unemployment. It also studies different economic policies, such as monetary and fiscal policies, to understand their impact on the economy. In a nutshell, macroeconomics provides an understanding of the big-picture economic forces that shape our world.

This mind map was published on 18 May 2023 and has been viewed 152 times.