Macro economics Essay

Macro economics

Thesis Statement :

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“What is macro economics, its objects and Functions in Developed Countries.?”

 

Introduction:

 

Macro Economics mean as 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 macro economics.

 

Foreign Exchange Rates:  the foreign exchange rates are determined through the Oil and gold reserves and based on the import of the certain products. There are stocks exchanges Present in every country for Forex trading. Many people are benefiting for m the currency trading. Specially the DOLLAR. EURO and Pounds Sterling .

 

 

Devaluation of Dollar and Impact on other Countries:

As it was already mentioned that most of Countries depend on the Currency of Dollar for its Exchange policy. So if the government of United States increases the value of Dollar so it will affect the countries dependent on Dollar and there debt will multiply. Where as if the US Government lowers the Currency then it will affect all the Forex trading and currency-trading people besides the countries whose economy depends upon the Dollar s thus Us can influence the economies of the other countries.

Conclusion:

 

In nutshell, it is clear that the macro economics is the integral part of the Economy of any country and helps them to sustain their economy and bring some economical reforms and make Fiscal and Monetary policy to escape deficit budgeting and other Components related with the Economy. It also helps the Country to draft policies of trade development and Export promotion.

 

BIBLIOGRAPHY /REFERENCE MATERIAL

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Cracking the AP economics macro & micro exams

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Type: English : Book Publisher: New York : Random House, ©2006

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Macro economics

by Man-por Leung

Type: English :   Book Publisher: Hong Kong : Hung Fung Book Co., 1998.

 

Book

Micro- and macro economics

by Anneline Africa; Marita Booysen

Type: English :Publisher: Sandown : Heinemann, 2001

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Type: English

Publisher: Ankara : Department of Economics, the Institute of Economics and Social Sciences of

Bilkent University, 2002.

 

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`  Introduction to macro economics

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Book

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by Neil Fuller; Nigel Proctor

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Publisher: Wirral : Tudor, 1997.

 

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by Martha Gutierrez

Type: English  Publisher: London ; New York : Zed Books, 2003.

 

 

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Macro economics : a problem-solving approach

by Elijah M James

Type: English

Publisher: Scarborough, Ont. : Prentice-Hall Canada, ©1991.

 

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Macro economics : theory and policy

by Robert V Cherneff

Type: English  Publisher: Scarborough, Ont. : Prentice-Hall Canada, 1983.

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by William John Fellner

Type: English :

Publisher: Washington : American Enterprise Institute for Public Policy Research, ©1976.

Book

 

Inflation, debt, and indexation

by Rudiger Dornbusch; Ma?rio Henrique Simonsen; Fundac?a?o Getu?lio Vargas.

Type: English  Publisher: Cambridge, Mass. : MIT Press, ©1983.

Book

 

Principles of economics, macro economics

by Leonard W Martin

Type: English  Publisher: Columbus, Ohio : Grid Pub., ©1980.

Book

Modern macroeconomics : its origins, development and current state

by Brian Snowdon; Howard R Vane

Type: English : Publisher: Cheltenham, UK ; Northhampton, MA : E. Elgar, ©2005.

Thesis

Essays in open economy macro economics

by Michael Allan Jenkins

Type: English   : Thesis/dissertation/manuscript  Archival Material

Publisher: 1995.

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