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Thinking of starting your career in the Macro Economics?Then you have landed in the right place.The overall aim of this crash course in Macro Economics is to explore and examine the key concepts, methods, and techniques used in addressing the basics of Macro Economics, to build foundation for the economic analysis and making informed managerial decisions.The objective of this course book is to gain an understanding of the Macroeconomics and develop an economical way of thinking within the business context. It is essential for the people who intend to join the managerial positions first to obtain a thorough understanding of the atmosphere outside and within the Corporation, and learning about the issues impacting the global economy.What is Macro Economics? Macroeconomics is the branch of economics that examines the way aggregate economy behaves. In the macroeconomics, the variety of economy-wide phenomena is fully explored. For example inflation, the rate of growth, price levels, gross domestic product, changes in unemployment and national income.It focuses on the trends in an economy and how an economy moves as 'a whole'.Macroeconomics differs from the microeconomics. Microeconomics focuses on the smaller factors that affect choices made by the individuals and the companies. Factors studied in both the micro and macroeconomics, typically influence one another. To give an example, Economic unemployment level on the whole, has an impact on the supply of the workers; a pool from which the company can hire the workforce. Macroeconomics, in its most elementary sense, is a branch of economics which deals with the structure, behaviour & decision-making of the whole, performance, economy, or aggregate, instead of focusing on the individual markets. What do you study within Macro Economics? In macroeconomics, one studies the aggregated indicators such as the unemployment rates, price indices, GDP & then analyse how the different sectors of an economy relate to one another in understanding how the economy operates. Macroeconomists develop the models explaining the relationships between the variety of factors such as inflation, savings, consumption, finance and international trade investments, output and the national income. As opposed to this, microeconomics analyses on how the individual agents act, namely corporations and the consumers. It studies how such agents' behaviour affects the quantities and the prices in particular markets. Few macroeconomic models and the related forecasts, are used by the government entities; usually to aid in the evaluation and construction of the economic policies.Macroeconomics is quite a broad field to research into. However, two specific areas of the research are this representative of this discipline. One area is known as the 'business cycle', involves the process of understanding the causation vs consequences of the short-term fluctuations in the national income. The second area involves the process by which macroeconomics endeavours to understand the factors that determine the steady growth in the economy, & the increase in national income.TARGET USERSThis course book will be useful in determining the organisational goals, negotiating the right business deal and closing them in the correct manner, by timely identifying the price points, economic factors and the USP.1. Business managers at all levels of the management 2. Economists, Financial analysts, Management analysts, International traders, Financial controllers and business development managers 3. Lecturers and Academic Professors will be in a position to easily explain the content to their students through using the infographics and practical examples in this course book4. Academicians and Students who are focusing on business management as their professions, such as MBA and commerce students
