Global macroeconomic theory

Global macroeconomic theory studies how large-scale economic factors, such as national income, inflation, and unemployment, interact across countries. It examines how events like trade policies, interest rates, and international investments affect economies worldwide. By analyzing these relationships, economists aim to understand economic trends, predict future movements, and guide policymakers in making decisions that foster economic stability and growth. Essentially, it looks at the big picture of how countries' economies work together and influence each other on a global scale.