Important
Give me 2 lines and I will solve the world for you
Definition
Economics from a birds eye view
- branch of economics that studies the behavior and performance of an economy as a whole.
- Focuses on the aggregate changes in the economy such as unemployment, growth rate, GDP and inflation.
- Management of scarce resources
Scope
- figuring out
- GDP per Capita
- Price Level
- Exchange Rates
- inflation
- labor market
- e.g. unemployment