Macroeconomics
Wealth is created through productive labour, where self-interest motivates people to put their resources to the best use - Adam Smith
The study of how economies function, covering the analysis of:
- balance of payments
- inflation
- interest and foreign exchange rates
- economic production
The aim is to create fiscal and monetary policies that:
- lead to sustainable growth
- reduce poverty
- enable social equality
AI Impact
Money Supply
How does money get created?