Macroeconomics

Economics is a science concerned with how people use available resources to satisfy their wants through the process of production and exchange. The founding father of modern macroeconomics is Adam Smith. Economics is divided into microeconomics and macroeconomics. Microeconomics studies economic relationships of individuals, I mean household and business. And macroeconomics studies nation's economies and global world economy.

There are financial system, world financial and commodity markets and major laws of economy analyzed by macroeconomics.  Inflation, GDP, economic balance, economic growth, employment - are the main definitions uses by macroeconomics. It also tries to fix role of the government in the economy and reviews its fiscal, monetary, taxation and social policies.

Macroeconomics is very important branch of economics. Its aim is to helps governments keep inflation low, find ways to destruction economic imbalances, to improve employment opportunities and to maintain economic growth.