Phenomena And Basic Macroeconomic Indicators For Measurements

Paulina Catana ()
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Paulina Catana: “Valahia” University of Targoviste, Romania

Annals of the University of Petrosani, Economics, 2010, vol. 10, issue 3, 41-50

Abstract: Macroeconomics is a separate discipline of the Economy that studies and analyzes the behaviour of economic aggregates and significant average, such as price level, national income, national income potential, the gap GDP, employment and unemployment of labour, investment and export of the whole economy. We can accuse to Macroeconomics that it deals also with the average price of all goods and services, not the prices of certain products. These aggregates result from economic behaviour of certain groups (governments, companies, consumers) in the course of their activities on different markets. But why does it need Macroeconomics? Experts say that we need this separate discipline because there are certain forces that affect the broader economy globally, which can not be understood only by analyzing individual economic phenomena, individual products or markets.

Keywords: Macroeconomics; microeconomics; national income; gross domestic product; inflation; unemployment; trade cycle; trend; currency market; cash flow (search for similar items in EconPapers)
JEL-codes: E00 (search for similar items in EconPapers)
Date: 2010
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