Meaning of Macro Economics

Meaning of Macro Economics The word ‘Macro’ is derived from the Greek word ‘Makros’ meaning ‘large’. Hence, Macro Economics is the study of J.M.Keynes Father of Modern Macro Economics Introduction to Macro Economics  There is a need to understand the functioning of the economy at the aggregate level to evolve suitable strategies and to solve the basic problems prevailing in an economy.  Understanding the future problems, needs and challenges of an economy as a whole is important to evolve precautionary measures.  Macro economics provides ample opportunities to use scientific investigation to understand the reality.  Macro economics helps to make meaningful comparison and analysis of economic indicators.  Macro economics helps for better prediction about future and to formulate suitable policies to avoid economic crises.