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ECON 0110 Introduction to Macroeconomic Theory

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As per the course ECON 0110 Introduction to Macroeconomic Theory the branch of economics that deals with the construction, performance, behavior, and decision-making of the full, or aggregate, economy is known as Macroeconomics.

Following are the two main areas of macroeconomic research which are as follows :

  • Long-term economic growth
  • Shorter-term business cycles

Macroeconomics as per the course ECON 0110 Introduction to Macroeconomic Theory is concerned with the knowing of aggregate phenomena such as the growth, business cycles, unemployment, general progressive increase in prices of goods and services, and international trade among others. These points are of particular relevance for the development and evaluation of economic policy.

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