Macroeconomics studies an overall economy or market system, its behaviors, the factors that drive it, and how to improve its performance.

Economics merges psychology, politics, law, and business for a global view of decision-making. Microeconomics focuses on individual choices, while macroeconomics examines whole economies.

Tori Whiting is the Jay Van Andel trade economist in the Thomas A. Roe Institute for Economic Policy Studies at The Heritage Foundation. Although nearly a quarter of Americans (23%) say socialism ...

Professor LORI LEACHMAN (Economics, Duke University): One of the things they know is right now the economy is very uncertain, and we've already seen that consumers are starting to pull back on ...