Economics Assignment: Macroeconomic Principles Overview

This economics assignment provides a concise overview of macroeconomics, focusing on key concepts and indicators. It begins by defining macroeconomics as the study of aggregate economic behavior, including price levels, economic growth, inflation, and GDP. The assignment then explores economic indicators, explaining their role in analyzing investment possibilities and predicting market trends, with examples like GDP. It also details the concepts of national income, including GDP, GNP, and national income, and describes the circular flow of income within a market-oriented economy involving households and firms. The document concludes with a list of references used for the summary.

Introduction to Economics

Contents
Summaries the Macroeconomics.................................................................................................................3
REFERENCES..........................................................................................................................................5

Summaries the Macroeconomics
Macroeconomic is basically branch of economics that study about the aggregate economy
behaves. It is wide phenomena that examined the different factors such as price level, economic
growth, inflation, gross domestic product and change in the unemployment (Anderson, Balli and
Godber, 2018). It is basically study mainly two different areas such as long term growth rate and
shorter enterprises cycles.
Finance is based on the economics so that it is required to understand in properly through
financial market and behavior of people. It is core concerned about the production, consumption
of goods and services, distribution and trade etc. Gross national product is defined as the total
value of all goods and services that produce in the form of specific time periods. It also hold the
fiscal policy which are essential for government to achieve the specific economic objectives
through the spending of taxation.
An Economic Indicator is a type of data that usually based upon the macroeconomics
scale. In this way, it easily analysis the current future investment possibilities. It help to judge the
overall health economy. The enterprise can choose the investor with help of economic indicator
but some pieces of data has released by the non-profit organization and government (Pinter,
2018). This type of indicator can be divided into different groups and most of the indicators have
some specific schedule for releasing and allowing the investor to create plan on seeing the
information at every month or year.
Economic Indicators is helping to Predict Market Trends by using the statics under the
different conditions such as coincident, lagging and leading etc. these parameter has provided the
investor with full of confirmation. It useful to indicate that where the economy might be heading.
Leading Economic Indicators Explained to watch the piece if new related the investment
every week. These are the announcement that affect the overall prediction of future economy.
For Example- GDP is the basically measures the economy of state and it has released at 8:30 AM
EST on the last of each quarters. It also reflect the previous quarter. In U.S economy, it grows at
around 2.6 to 3.0 % per year and also deviation from the different range that significantly impact
on the economy.

The Concepts of National Income has specified concepts such as GDP, NI, PI, GNP and
DI etc., these are different type of economic activities in multiple sector and its economy. The
most important concept is the national income that money value of overall final goods and
service produced within the domestic territory of country.
National economy may define as the money measure of the net aggregates of all type of
commodities and accruing to inhabitant of economy. It may describe the national income,
product and dividend (Dünhaupt and Hein, 2018) The circular flow of income is a type of
national product and income of country that may describe the performance and production of
nation. It can be measured in different ways and product exist in almost frequently. For
Example- We are assumes that we have living in the market oriented economy and there are
different type of decision makers such as households and firms. Household mainly consuming
units to absorb the output and produced the in enterprise organizations.

REFERENCES
Books and Journals
Anderson, H.D., Balli, F. and Godber, C., 2018. The effect of macroeconomic announcements at
a sectoral level in the US and European Union. Research in International Business and
Finance,.44. pp.256-272.
Pinter, G., 2018. Macroeconomic shocks and risk premia: Fama meets Sims.
Dünhaupt, P. and Hein, E., 2018. Financialisation, distribution & the macroeconomic regimes
before & after the crisis: A post-Keynesian view on Denmark, Estonia & Latvia (No. 104/2018).
Working Paper, Institute for International Political Economy Berlin.