Macro- economics deals with the following issues:
Theory and measurement - macroeconomic theory and national income accounting (The circular flow of income and spending)
Some key concepts (Gross domestic product (GDP). economic growth, the business cycle, unemployment, inflation, possible inflation-unemployment trade-offs, the (somewhat discredited) Phillips curve, the one-sided bookkeeping system of balance of payments)
GDP and income (National income, personal income, personal disposable income)
Total spending and its components (Gross domestic expenditure, consumption, government spending. investment, net exports)
Some Important metrics (various national income identities)
Aggregate demand and supply (Keynes, Equilibrium and unemployment and inflation)
Macroeconomic policy (so-called stabilisation policies, monetary and fiscal policies, monetarists)
Measuring the total output of the economy; measuring inflation: different price indices.
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