[This is part of the series: The Complete Guide To Economics 101.]
What Is Macroeconomics?
Broadly, the field of economics is divided into two fields: Microeconomics and Macroeconomics.
Macroeconomics studies how nations and groups of nations, make decisions in the face of scarcity.
Microeconomics focuses on the smaller scope.
Examples of macroeconomics study include:
- How do corporate tax rates impact foreign direct investment levels in South Africa?
- Why has the Japanese stock market not moved in 10 years?
- How do government spending levels impact the GDP of developing countries in the long-run?
- And is there a monetary policy trade-off between inflation and unemployment?