Community and Government

Learn About Macroeconomics

Written by MasterClass

Last updated: Oct 12, 2022 • 5 min read

Economics is a broad term that encompasses the general study of how people affect markets and industries. There are several subdivisions of economics, each specializing in a single facet or concept. These subdivisions all work together to help inform the global economy.

If you are just beginning to learn about economic theory, understanding macroeconomics is the first step to piecing together how the entire economy actually works.