MACROECONOMICS : 

 The term macro means large. it is the study of aggregates covering the entire economy such as total employment , national income, general price level , aggregate supply, aggregate demand etc. Macro Economics also known as theory of income and employment.


Problems Analyzed in MacroEconomics : 

Level of output and employment

Changes in the General Price level

Economic Development

Theories of Distribution



It helps in formulationg economic policies and controlling various economic problems like business cycles, inflation etc. Macroeconomics has its own limitaions.