Theory of General Price Level. Theory of General Price Level. Theory of National Income.

2.

Theory of Economic Growth.

Thus, Macro Economics is the study and analysis of an economy as a whole.

The Nature and Scope of Macroeconomics 1. 6.

Whereas in macroeconomics, whole economy or its large groups are studied like total production, total consumption, total investment, total savings, total demand, total employment. Nature of Macroeconomics: Macroeconomics is the study of aggregates or averages covering... 2. 5.

The scope of macroeconomics is very wide following points can be studied under it: 1. Theory of International Growth . Theory of Money. The scope of Scope of Macro Economics can be studied in the following theories :- 1.

Microeconomics Definition Features Scope Importance. Theory of International Trade and Foreign Exchange. 5.

4. 4. Introduction to Macro Economics – Nature, Scope, Importance & More The term ‘Macro’ has been derived from a Greek word ‘Macros’ meaning ‘large’.

2. Theory of trade cycle.

The scope of macroeconomics includes the following parts: Clearly, the study of the problem of unemployment in India or general price level or problem of balance of payment is macroeconomic study because these relate to the economy as a whole. The scope or the subject matter of microeconomics is concerned with: Commodity pricing The price of an individual commodity is determined by the market forces of … Theory of Development and Planning. 6. Scope of Macroeconomics Macroeconomics is a vital field of study for the economists, government, financial bodies and researchers to analyze the general national issues and economic well-being of a country.

Difference between Microeconomics and Macroeconomics: The difference between microeconomics... 3. 3. 3. Theory of Employment. Theory of Income and Employment.