SYBCom - Sem III B. Economics
Introduction to Macroeconomics Difference between micro and macro Economics Micro Economics deals with the behaviour of an individuals. i.e. an individual person, a firm, a industry, or a individual entity. Macro Economics deals with the behaviour of aggregates. i.e. national income, employment level, general price level, investment level and balance of payment. Aggregate activities implies the activities in different sectors of the econom Meaning & Definitions } In the term Macroeconomics, Macro means large, a big picture scenario of the economy } Macroeconomics is a branch of economics that studies how an overall economy behaves. i.e. the market system that operate on a large scale. } Macroeconomics deals with the performance, structure, and behavior of the entire economy. ...