Macroeconomic

Chapter 1 : Introduction to Macroeconomics

A science that deals with the allocation of scarce resources for the purpose of fulfilling human being needs and wants

Economics

A science that deals with the allocation of scarce resource for the purpose of fulfilling human being needs and wants. 

Macroeconomics

A study of aggregate behavior. How an entire industry or even the entire economy operate. Macroeconomics often look at GDP, recessions, interest rates, unemployment figures. 

Exchange Rate

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Interest Rate

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Unemployment

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Inflation

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Classical economicts

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Reflection

Macroeconomics is a course that play with a several type of graph. The graph that we have to deal with such as inflation , unemployment, Money Supply & demand, Aggregate Expenditure curve and so on. Economics just like the history of how do the people trade something from one to another from then till now. One good example as is system barter to digital cash that we are widespread use now. Macroeconomics have show me how an entire industry operate with its system. It also show me about the ability and value of the money to buy something. There is a possibility that cash would be replaced by digital cash in the future because of the changing of technology. Technology that is keep on changing not only brings a lot convenience to society but also affected the whole economy system.       

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