Macroeconomics Calculator

The Macroeconomics Calculator has the most common macroeconomics equations based on widely accepted university texts including the following:
Macroeconomics deals with general and large-scale
metrics and indicators.  Examples are gross national
product (GDP) and central bank interest rates.

1. Income Elasticity of Demand
2. Cross-Price Elasticity of Demand
3. Price Elasticity of Demand
4. Price Elasticity of Supply
5. Total Surplus
6. Consumer Surplus
7. Producer Surplus
8. GDP Growth
9. GDP Deflator
10. GDP by Income
11. GDP Expenditure
12. Net Capital Outflow
13. Net Exports and Net Capital Outflow
14. Dollar Conversion from Different Times
15. Unemployment Rate (Friedman and Phelps)
16. National Saving
17. Domestic Investment
18. Unemployment Rate
19. Inflation Rate in Year 2 (using CPI)
20. Labor Force
21. Labor-Force Participation Rate
22. Net Exports
23. Real Exchange Rate
24. Currency Converter

Macroeconomics (from the Greek prefix makro- meaning "large" and economics) is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole, rather than individual markets. This includes national, regional, and global economies. With microeconomics, macroeconomics is one of the two most general fields in economics.

Macroeconomists study aggregated indicators such as GDP, unemployment rates, and price indexes to understand how the whole economy functions. Macroeconomists develop models that explain the relationship between such factors as national income, output, consumption, unemployment, inflation, savings, investment, international trade and international finance. In contrast, microeconomics is primarily focused on the actions of individual agents, such as firms and consumers, and how their behavior determines prices and quantities in specific markets

Resource:

• "Macroeconomics." Wikipedia. Wikimedia Foundation, n.d. Web. 29 May 2015.
• Mankiw, N. Gregory. Principles of Macroeconomics. 6th ed. Mason, OH: Thomson/South-Western, 2004. Print.
• Hubbard, R. Glenn., and Anthony Patrick. O'Brien. Economics. Upper Saddle River, NJ: Pearson Prentice Hall, 2008. Print.