The thing that limits our understanding of macroeconomics is the inability to take a sufficiently distant stance or perspective, in order avoid confusion from the microeconomics aspects. (These aspects are to do with private economics and the economics of the firm or single concern, instead.) This limitation is due to our difficult in envisaging the whole thing as an active comprehensive whole system.
The approach to doing this is essentially to decide which factors are involved in constructing this "big picture" and in modelling them an interconnected manner. It soon becomes clear that it is the more general functioning of the various sectors or entities that count and not how actual people or small groups behave. Hence there is a need to use abstract concepts of the different kinds of activities by aggregate operators. Having built a functional model (which might consist of 6 entities and 19 different connected activities, which is what I use), it is possible to establish equilibrium and to demonstrate stability.
As can be appreciated this subject is completely different from microeconomics and many of the techniques used in that kind of analysis are inappropriate to macroeconomics analysis.
Thus there is no need for the inability and limitation sometimes called "can't see the wood for the trees".
Which level does macroeconomics focus on?
Macroeconomics refers to the national economy.
I don't think you can use Macroeconomics in a sentence.
Macroeconomics examines the consumer purchases of families and age groups.
difference in methodology for microeconomics and macroeconomics?
Which level does macroeconomics focus on?
Journal of Macroeconomics was created in 1979.
Macroeconomics refers to the national economy.
I don't think you can use Macroeconomics in a sentence.
Macroeconomics
The word macroeconomics is a noun. It is the study of the entire economy.
Macroeconomics examines the consumer purchases of families and age groups.
difference in methodology for microeconomics and macroeconomics?
Macroeconomics examines the consumer purchases of families and age groups.
Explain macroeconomics objectives from the conventional perspective?
Macroeconomics examines the consumer purchases of families and age groups.
Macroeconomics examines the consumer purchases of families and age groups.