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Macroeconomics

Macroeconomics involves the study of the behavior, structure, performance, and decision-making of an economy as a whole. This includes national, regional, and global economies, with topics ranging from inflation and unemployment to international trade and monetary policy.
Sub-categories:

National income subcategory focuses on understanding the total economic output of a nation, measuring gross domestic product (GDP), and analyzing the distribution of income across different economic agents.

Economic growth covers the study of factors that lead to an increase in an economy's output over time, addressing long-term expansion of the production possibility frontier.

This subcategory delves into the causes and effects of rising price levels in an economy over time, examining policies to manage inflation rates effectively.

Unemployment examines the reasons for and the impact of joblessness in an economy, including different classifications like frictional, structural, and cyclical unemployment.

Fiscal policy involves the use of government spending and taxation to influence economic conditions, including economic growth, inflation, and unemployment.

Monetary policy explores how central banks control the money supply and interest rates to stabilize the economy, targeting inflation, and employment levels.

Business cycles subcategory studies the periodic fluctuations in economic activity and output, characterized by expansion, peak, recession, and recovery phases.

International trade analyzes the exchange of goods and services across international borders, studying trade policies, agreements, and the balance of trade.

This subcategory investigates the value of one currency in terms of another, the factors influencing exchange rates, and their impact on international trade and economies.

Aggregate demand and supply cover the total demand for and supply of goods and services within an economy, influencing overall price levels and economic output.

Government budgets and debts focus on how governments create their budgets, the impact of fiscal deficits, and the implications of national debt on the economy.

Monetary theories subcategory discusses the different theories regarding the role of money in the economy, including classical, Keynesian, and monetarist viewpoints.

Economic indicators examine various metrics that provide insights into the health of an economy, including unemployment rates, GDP growth, and consumer confidence.

Economic policy involves the strategies that governments use to manage the economy, including tax policies, spending initiatives, and regulatory measures.

Public economics studies how government policies affect economic efficiency and income distribution, including the role of public sector within the economy.

This subcategory explores the relationship between financial markets and the economy, assessing how changes in financial conditions can impact economic activity.