ECON 383 Basics of Macroeconomics

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Macroeconomics as per the course ECON 383 Basics of Macroeconomics is a part of economic study which analyzes the economy as a whole. It is the center of the whole economy and does not study any individual unit or a firm. It also studies the following:

• The national income
• Total employment
• Aggregate demand and
• Supply etc.

Following are the four major objectives of Macroeconomics under course ECON 383 Basics of Macroeconomics:

• Full employment.
• Price stability.
• A high, but sustainable, rate of economic growth.
• Keeping the balance of payments in equilibrium.

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