Macro Economics

By Abdul Rahman Malik, published Feb 03, 2007
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Introduction:
Macro Economics means a System may be looked at as whole or in terms of its innumerable decisions making units such as consuming units or individual Consumers and household producing Units ,Firm, farms , business and mining Concerns . The macro economics is on the whole is combination of all components of Economies in wider sense. It covers all the needs of the any country. If the macroeconomics indicator s are favorable to any country, it will become a donor to the developing Country. But the devaluation of the Currency may affect all the Countries who depend on its exchange rates.

Functions and objectives of the Macro Economics:
The functions of the macroeconomics include over all economic study and all the items which come under the domain of the Economy .Be it social, commercial economical segment or component of the economy. It is the integral part of the Economical Development of any country. As The development is observed in terms of micro and Macro economical status of any country .

The main objectives of the macro Economics include :

· Fiscal Policy: it denotes the uses of taxes and Government Expenditure . The Government Expenditure come into tact in distinct forms .First the Government Purchases these comprise Goods and services . The other part is the taxation Policy affects

· Monetary Policy : The second major instrument of the macro economics is the monetary policy which the government conducts through managing national money .

Imports and Exports :
The macro economics indicator depend a lot on imports and Exports of the country. If the country like US finding rich markets in any part of the World then it will access the buyers market and export its goods . The demand depends on the quality of the Product in the international markets. The More standard the product, the more buyers will be involved and similarly it will increase the demand of the product in international markets. The country which needs the products will import the goods of its demand from then exporting Countries. Thus, these are also the integral parts of the macroeconomics.

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