Macroeconomics

Macroeconomics studies the economy as a whole, focusing on large-scale factors like national income, unemployment, inflation, and economic growth. It explores how government policies, consumer behavior, and global events influence these elements. In the context of the Philosophy of Economics, macroeconomics raises questions about values, ethics, and the impact of economic systems on society. It examines the assumptions behind economic models and the implications of economic theories for human well-being, encouraging a critical evaluation of how economic decisions affect our lives and the future.