Thursday, October 31, 2013

 What is macroeconomics..??? Macroeconomics is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole, rather than individual markets. &^*$#@$$$ This includes national, regional, and global economies. With microeconomics, macroeconomics is one of the two most general fields in economics. Macroeconomics encompasses a variety of concepts and variables, but there are three central topics for macroeconomic research. Macroeconomic theories usually relate the phenomena of output, unemployment, and inflation. Outside of macroeconomic theory, these topics are also extremely important to all economic agents including workers, consumers, and producers.$#%@%&#$$$

  In our global era, all economies are subjected to fluctuation of external factors. They are affected by exchange rates, balances of payment, income and inflation. Such indicators are more visible in the money, capital, equity and commodity markets. Macroeconomic policies are policies that affect the economy as a whole with the aim of minimizing fluctuations in the business cycle. Macroeconomic policies are made up of two types of policies, these including both monetary implemented.

Macroeconomic policies

 The implementation of macroeconomic policies is full employment of labor resources (factor market) (at the Natural rate of unemployment), 因此,身材矮小的失业率在经济水平.Unemployment refers to a situation in the economy where individuals over the age of 15 without a job want to work (actively seeking full time or part time work) but are unable to find a job, and as a result labor resources in an economy are not utilized.

 Macroeconomic stability by itself, however, does not ensure high rates of economic growth. In most cases, sustained high rates of growth also depend upon key structural measures, such as regulatory reform, privatization, civil service reform, improved governance, trade liberalization, and banking sector reform. To safeguard macroeconomic stability, the government budget, including the country’s poverty reduction strategies, must be financed in a sustainable, noninflationary manner. The formulation and integration of a country’s macroeconomic policy and poverty reduction strategy are iterative processes.  Economic performance weakened while the maturing external debt threatened the economy. Eventually, economic growth stagnated while the balance of payment deteriorated.


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