References to Maital's Executive Economics and Heilbroner and Thurow's Economics Explained are featured in this paper consisting of six pages that examines important macroeconomics concepts. Five sources are cited in the bibliography.
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economics certainly does encompass the tools of finance, such as dollar bills in banking, the topic itself involves much, much more. Much of
economics can be broken down into two categories. Within these two broad categories are several subcategories, but for purposes of this paper, we will be general. The two
categories are microeconomics and macroeconomics. The purpose of this paper is to discuss the concept of macro economics by defining what it is,
discussing various macroeconomic models, then determining how the concept of macroeconomics fits into our global economy today. Definition very simply, macroeconomics is a
tool that observes and analyzes the entire performance of a specific economy (Tutor2U, 2002). in beginning economics courses, students will typically study microeconomics, which involves a small segment of overall
economics. What macro economics does it take into account microeconomics (i.e., the concept of supply, demand and markets) and adds to that a broader perspective. What we look
at it macro economics are changes in overall economic growth, inflation, employment, unemployment and other labor issues integrate performances with other countries -- which is also known as balance of
payments (Tutor2U, 2002). macro economics also considers the success or failure of government economic policies and decisions (Tutor2U, 2002). this would involve government
branches of central banks -- for example, in the United States it is the Federal Reserve that helps set economic and monetary policy for the nation as a whole, while
in the United Kingdom, much of that decision-making comes courtesy of the Bank of England. As an example, the United States economy back