O'Reilly logo

The Complete Idiot's Guide to Economics, 2nd Edition by Tom Gorman

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Macroeconomics and Microeconomics

Economics has two main branches: macroeconomics and microeconomics.
Macroeconomics (macro means large) focuses on the study of whole systems of production and distribution—that is, whole economies and the forces that determine their short- and long-term growth. Macroeconomics focuses on broad levels of economic activity, such as overall income and production, relationships among sectors of the economy, and an economy’s cycles of expansion and contraction. Macroeconomics also examines issues of employment, inflation, and living standards. In general, macroeconomic techniques study interactions between sectors of the economy, which include the private and the public sector, or between broad phenomena such as ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required