Macroeconomics dealing with the performance, structure, behavior, and decision-making of an economy as a whole, rather than individual markets. This includes national, regional, and global economies. This aspect of macroeconomics apply to an economy as a whole, particularly the general price levels, outputs and incomes, and interrelations among sectors of the economy. Macroeconomics emphasis on the determinants of aggregate demand and aggregate supply, and on monetary and fiscal policy tools that can be used to achieve particular policy objectives. Macroeconomics are expected to understand basic economic concepts such as scarcity and comparative advantage and measurement concepts such as gross domestic product, consumption, investment, unemployment and inflation. Macroeconomics are also expected to demonstrate knowledge of the institutional structure of the Federal Reserve Bank and the monetary policy tools it uses to stabilize economic fluctuations and promote long-term economic growth, as well as the tools of fiscal policy and their impacts on income, employment, price level, deficits, and interest rate. Basic understanding of foreign exchange markets, balance of payments, and effects of currency appreciation and depreciation on a country's imports and exports is also expected.
Chapter-1: Introduction to Macroeconomics Chapter-2: National Incomes Measurement Chapter-3: Consumption and Investment Chapter-4: Aggregate Demand and Supply Chapter-5: Fiscal Policy Chapter-6: Monetary Policy
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