Module 2: The Bigger Picture-National and Global Economics

Macroeconomics is basically studying the total economic behavior and decisions of everyone.  In this module, you have seen how and why economies grow or decline depending on decisions made by society and the government.   The economic world needs ways to measure and predict economic growth for the good of all countries.  By studying relationships between certain variables, economists are able to determine the following:

  • Why is there inflation?
  • Why is there unemployment?
  • What causes the economy to grow?
  • What will help a country achieve economic growth?