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Unit - 1 Introduction To Economics Prepared By, Paresh Gohil 160500116013 Dave Mahima 160500116010
Unit - 1 Introduction To Economics Prepared By, Paresh Gohil 160500116013 Dave Mahima 160500116010
Unit - 1 Introduction To Economics Prepared By, Paresh Gohil 160500116013 Dave Mahima 160500116010
Prepared by,
2. Macroeconomics:
Macroeconomics may be defined as that branch of economic
analysis which studies behavior of not one particular unit,
but of all the units combined together.
Macroeconomics is a study in aggregates. Hence it is
often called Aggregative Economics.
It is, indeed, a realistic method of economic analysis,
though it is complicated and involves the use of higher
mathematics. In this method, we study how the
equilibrium in the economy is reached consequent upon
changes in the macro-variables and aggregates.
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