Macroeconomics - Term Paper ExampleMore specifically, it is a study of national economies and the determination of national income." According to Wikipedia, "Macroeconomics is the study of the entire economy in terms of the total amount of goods and services produced, total income earned, the level of employment of productive resources, and the general behavior of prices. Macroeconomics can be used to analyze how best to influence policy goals such as economic growth, price stability, full employment and the attainment of a sustainable balance of payments."Macroeconomists build up models that clarify the relationship between such factors as national income, output, expenditure, unemployment, inflation, savings, investment, international trade and international finance. On the other hand, microeconomics is chiefly focused on the procedures of individual agents, such as firms and clients, and how their performance finds prices and quantities in particular markets.
