What is macroecnomics?

Answer 1

In layman's terms, a macro is a string of commands or programs strung together to produce an outcome. When applied to economics, it means a string of figures (measurements) strung together to equal an outcome. The parts being strung together are called microeconomics (single figure or measurement) .

A quick example could be that the fluctuation in the price of a loaf of bread over a period is a microeconomic figure but added together with all the other items like butter and tea which may be captured in the Gross Domestic Product price index becomes a singular part of the macroeconomics making up GDP.