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ECON 253 Elementary Macroeconomics

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Macroeconomics, as per the course ECON 253 Elementary Macroeconomics is the branch of economics that explains the behaviour and performance of an economy as a whole. It focuses on the aggregate changes in the economy such as follows:

  • Unemployment
  • Growth rate
  • Gross domestic product
  • Inflation

Following are the three major concerns of macroeconomics under course ECON 253 Elementary Macroeconomics:

  • National output
  • Unemployment
  • Inflation

Also following are the three main goals of macroeconomics as per the course ECON 253 Elementary Macroeconomics:

The US and most other places have three main macroeconomic goals such as:

  • Economic growth
  • Full employment
  • Price stability

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