Macroeconomics studies economywide phenomena from "summary" of Principles of Macroeconomics by N. Gregory Mankiw
Macroeconomics is the branch of economics that deals with the overall performance of the economy. It focuses on economy-wide phenomena, such as inflation, unemployment, and economic growth. In contrast to microeconomics, which looks at individual markets and industries, macroeconomics takes a broader perspective and examines how the economy as a whole functions. When studying the economy at the macroeconomic level, economists analyze the interactions between different sectors of the economy, such as households, businesses, and the government. They examine how changes in one sector can have ripple effects throughout the entire economy. For example, an increase in government spending can lead to higher levels of economic activity, which in turn can affect inflation and employment levels. Macroeconomists also st...
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