 This module is related to the microeconomics and macroeconomics and Out of this topic I am going to give some brief related to the macroeconomics Macroeconomics is that branch of economics that deals with the aggregatings that deals with the Collective things and if we say in the words of the Professor Henson that is the branch of economics which considers the relationship between large Aggregate and these large aggregates are basically volume of employment the national income the total trade like this and the national income and the latest definition that is given by George Mankiv that the Macroeconomics today is the study of fluctuations in the cycles of income and economic growth unemployment production and income distribution inflation and financial markets and in this way we can say that Everything that is happening in the economy at the larger scale. It will come under the domain of macroeconomics Macroeconomics the word has been derived from the Greek word macro Children here I would like to keep one thing in front of you that the way our Urdu language Arabic and Persian so if we see any term in English or any old word then since the English language Markets Yunani and Latini Zubans So that's why whenever we have a term like this then we see that the actual meaning behind it Either Greek language or Yunani Zubans or Latin that is the Latini Zubans That's why you won't have this thing that it always comes in front of us in Greek or Latin words And here the macros meaning Here that is the macros meaning the big Sorry here. I have written something one word and T small it should be and It uses the macroeconomic indicators and when we say the macroeconomic indicators So we say everything that is happening in the economy at the larger scale Any indicator that will express its performance that will be the macroeconomic indicator Keeping in view the various function There are the various school of thoughts of the macroeconomics that over the time has evolved That school of thoughts are basically the ideas the knowledge The pool of the ideas that have developed from one country to the other and from one century to the other There can be the classical economics there can be the Canadian economic and new classical new Canadian Monterros and Austrian economies post-Canadian Institutional and these all thoughts when we study the macroeconomics in very very detailed then we dig out all the Issues that has been developed and the policies and the modules basically The theories that have been developed that are many in the line But the major four and five theories that have shaped the today's macroeconomics The one of them is the theory of income and employment because Macroeconomics deal with the national income and national income is not possible Until and unless we are going to decide that how the total Population is going to work in the economy How many of them they are employed how many of them they are not able to get the employment and How we can improve their productivity to have more output and that more output will lead Towards the more income of the economy So in the theory of income and employment we study level of aggregate demand determinants developed by John Kinney's its response to the great depression that was in 1930 and The issues related to that depression that paved the way to the development of this theory and the main aspect that was developed by that time of the theory that was the multiplier effect that how One factor will multiply in many forms to give boost to the economic growth then the second theory of general price level and inflation and this theory and Compasses many other parts that is the inflation aggregate demand size supply side shocks expectation and the most important the Phillips curve that is the relationship between the wage inflation and Unemployment the actual decision and the problem that every economy faces daily in its working The third group the main group is that is the theory of growth and there are again a list of various theories That has been given in that group this theory Basically, that was given in the start by the solos when then it again came in the shape of the new Androgynous growth theory and dogenous growth theory new classical theory and then the institutional part Theory of distribution that is concerned with all the aspects of the economy either income either it is the wealth or Related to these aspects how these are being Distributed among all the factors of the economy. So this theory Again, that is very important for the macroeconomics