Template for Preparing Presentation

Session 2
SASTRA University

Progress Through
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 Macro Economics

• Macroeconomics deals with the economy as a whole.

• It studies the behaviour of economic aggregates such

as aggregate income, consumption, investment, and
the overall level of prices.

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 Learning Outcomes

• To understand the meaning of Macro economics

• To understand the scope of Macro economics

• To understand the importance of Macro economics

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 Major concerns of Macro Economics

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 Importance of Macro Economics

• It explains the working of the economy as a whole.

• It examines the aggregate behaviour of Macro

Economics entities like firms, households and the
government.

• It is very useful to the planner for preparing economic

plans for the country's development.

• It is helpful in international comparison

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• Its knowledge is indispensable for the policy-makers
for formulating macro-economic policies such as
monetary policy, fiscal policy, industrial policy,
exchange rate policy, income policy, etc.

• It explains economic dynamism and intricate

interrelationship among macroeconomic variable,
such as price level, income, output and employment.

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