What is the overall goal of macroeconomics?

The overall goal of macroeconomics is indeed to evaluate economic policies and their effects on the economy as a whole. This branch of economics looks at broad aggregates and averages across the economy, such as national income, total employment, inflation, and economic growth. By assessing these factors, macroeconomics helps to understand how different policies—such as monetary and fiscal policy—can influence the overall economic performance of a country.

While analyzing individual market trends, understanding the dynamics of individual businesses, and studying consumer behavior patterns are all important aspects of economics, they fall under the realm of microeconomics. Microeconomics focuses on individual units, such as specific markets and businesses, rather than the entire economy. In contrast, macroeconomics aims to provide a broad perspective that can guide policymakers in making decisions that will enhance economic stability and growth, ultimately benefiting society at large.