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Welcome to the study of Macroeconomics. The study of economics is conveniently divided into two disciplines – Macroeconomics and Microeconomics. Macroeconomics is concerned with the study of economic aggregates while Microeconomics deals with the economic behavior of individual units in the economy. Macroeconomic study focuses on the broader economic issues of the economy such as inflation, unemployment, money supply, interest rates and economic growth. This is a must course to understand the simple cause and effect relationship between wants and resources. The study also looks at the economic policy implications of budget surplus, deficit, debt, taxation and its connection with monetary policy measures. Macroeconomics provides a link to understand many global issues such as trade and payments, free trade issues and foreign exchange market. We are going to study the economic concepts and theories by focusing more on the current economic issues like gasoline price, housing market, unemployment, recession, and mess in the financial market. You are encouraged to share your views in our fuel for thought series.
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