University of new south wale econ 1102 Study guides, Class notes & Summaries

ECON1102 Macroeconomics Summary otes What is Macroeconomics? Macroeconomics is concerned either with the economy as a whole or with the basic subdivisions or aggregates that make up the economy. Microeconomics is the study of individual choices and group behaviour in individual markets, analysing how choices inform market forces and price signals. LN1 Measuring Macroeconomic Performance: Output and Prices Ch3: The main indicators of macroeconomic performance include: Rising living stand...