Learning Contents:                                                                 Understanding  the Meaning of  Macroeconomics      Scope or Vital Components of Macroeconomics     Features of Macroeconomics  Economics is a broad field of study which can be divided into two subparts  a. Microeconomics b. Macroeconomics.  A brief description of macroeconomics     is mentioned below. Macroeconomics:   In simple words, the term macro means large and economics is the study of making choices or making rational decisions in situations of scarcity. The basic economic problem i.e. the problem of rational management o...