ECON 1102
University of New Haven
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University of New South Wales ECON 1102 Macroeconomics Summarynotes
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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...
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