Macroeconomics for dummies

Macroeconomics consists in studying economic phenomena such as inflation, unemployment, interest rates, growth and production, with a view to having an overview of the economic world.All these phenomena are interrelated and interact with each other.By studying them, we can understand changes in central banks' monetary policies and also changes in the stock markets.The economist John Maynard Keynes is principally responsible for making this subject area famous.Macroeconomics is now recognized worldwide and is a powerful analytical tool that provides a global view of economic conditions.