Skillsfirst Level 5 Diploma in Financial Trading (RQF) - Module 1 - Trading Introduction
Skillsfirst Level 5 Diploma in Financial Trading (RQF) - Module 2 - Financial Products
Skillsfirst Level 5 Diploma in Financial Trading (RQF) - Module 3 - Economic Principles
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THE HISTORY OF MACROECONOMICS

Up until the early 1930’s, much of economic theory centered on the microeconomy comprised of individual firms and industries. With the Great Depression however, and the formulation of national income and production statistics, macroeconomic theory began to take centre stage. Of influence was the British economist John Maynard Keynes, whose book The General Theory of Employment, Interest and Money created a revolution in economic thinking by introducing the concepts of aggregate demand and supply to explain fluctuations in economic activity.

Macroeconomics seeks to analyse the behaviour of entire economies on a national level and above, and studies their performance in terms of the total output of goods and services, total income earned, the employment levels of various resources such as raw materials and labour, and the general levels of prices. Macroeconomics can also be used to determine the impact of various economic policies, and the affect they may have in the pursuit of economic goals such as growth, price stability and full employment.

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