1)What's the need of the objective of macroeconomics?

2)What is the current international macroeconomic landscape?

3)What are the "actors" of macroeconomics?

1)It is important to have macroeconomic objectives.

Macroeconomics involves the study of how the limited resources are utilized by a whole economy in production of goods and services for consumption. Economies can be those of state or even the world.

The objectives of macroeconomics include ensuring maximum levels of employment, stable prices in the market, high and sustainable rate of economic growth and stability in the balance of payments.

Having macroeconomic objectives is important because the problems facing an economy will be handled with a focus. These problems include the high levels of unemployment which is expensive to the government and the citizens, negative effects of inflation, low economic growth which leads to poor standards of living and unstable balance of payments which signals uncompetitiveness of different industries within an economy.

2)Current scenario of international macroeconomics landscape is as follows:

• There is a sharp trade decline in world trade growth as compared to past years. The trend is assessed on the basis of the sustainability of

labor and productivity. The US economy is showing positive results in sustaining labor and its productivity.

• Global inflation rate is normal around 3%. Global inflation changed this year due to the transition from the deflationary pressure of inflation

rates to the developed world.

• Market growth decelerates down due to financial conditions and political uncertainty in many economies of the world.

3)We know that macroeconomics is the study of the whole economy and its activities dealing with the decision making processes. We can include here the role of policymakers and government who are responsible for establishing monetary policy and fiscal policy (also known as the economic policies) for stabilizing money supply and price levels of products and services. We can also include here the role of central banks, government officials, legislatures and all others as an integral part of the macroeconomics.