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When Did Macroeconomics Become A Distinct Field Of Study? Are you curious about how the field of macroeconomics developed and why it’s so important today? In this informative video, we’ll explain the origins and evolution of macroeconomics as a distinct area of study. We’ll start by discussing the limitations of earlier economic theories that focused only on individual markets and how these ideas changed during the 1930s. We’ll explore the significant impact of John Maynard Keynes and his groundbreaking work that shifted the focus from small parts to the entire economy. You’ll learn about the key concepts introduced by Keynes, such as aggregate demand and government intervention, and how they transformed economic thinking. We’ll also explain the differences between macroeconomics and microeconomics, highlighting how macroeconomic policies influence national income, inflation, and unemployment. Finally, we’ll look at how macroeconomics continues to shape government decisions today to promote economic stability and growth. Whether you’re a student, a professional, or just interested in understanding how economies work, this video provides a clear overview of the birth of macroeconomics and its role in managing modern economies. Join us for this engaging discussion, and subscribe to our channel for more insights into economic concepts and history. ⬇️ Subscribe to our channel for more valuable insights. 🔗Subscribe: https://www.youtube.com/@MacroeconExp... #Macroeconomics #EconomicHistory #Keynes #EconomicsBasics #FiscalPolicy #MonetaryPolicy #EconomicGrowth #Inflation #Unemployment #GDP #Economy #FinancialMarkets #EconomicTheory #GlobalEconomy #EconomicDevelopment About Us: Welcome to Macroecon Experts, where we simplify complex economic concepts for everyone! Our channel is dedicated to breaking down key topics like GDP and Economic Growth, Inflation and Deflation, Fiscal and Monetary Policy, Interest Rates and Central Banks, Unemployment Rates, Business Cycles, National Income Accounting, Government Spending and Taxes, and Global Trade and Exchange Rates.