Macro economics explains the central theme of the economy. It studies the economic activities as a whole. It is useful to understand functioning of an economy in different situations. The way of solution is called the nature of Macro economics.

The nature of Macro economics is discussed as under: 

• Macro economics deals with how to generate and spend the income through production of goods and services. 
• It deals with how to allocate the human resources and natural resources in different economic sectors to increase the level of GDP. 
• It provides information about how and what policies regarding production, income, expenditure be formulated for the growth and development of an economy. 
• It considers the formulation of relevant policies towards foreign trade for the benefit of the entire country. 
• Macro economics helps us to know how the different variables like output level, price level and employment level bear close relationship. 

The scope of Macro economics:

The scope of Macro economics means the study of areas under macro-economics. The Macro-economic approach includes the wide range of economic variables like national income, aggregate employment, money general price level, aggregate demand and supply, consumption. investment, etc. 

They are the important components of the subject matter of Macro economics.

• It includes Major Sectors: The economy has many interdependent sectors like household sector, producer sector, Public sector, external sector. Each sector plays a significant role in an economy. 
• Study of National Income: In Macro economics, we study National Income and the concepts of National Income. Here we study GDP, GNP, NNP, NDP, Personal Income etc.
• General Theory of Employment: The theory of employment includes the determinants of employment and unemployment. It studies the factors like aggregate demand, aggregate supply, aggregate consumption, aggregate savings etc.
• Theory of general price: Inflation and deflation are the important ingredients of Macro economics. It provides information about rise and fall in general price levels.
• Demand and supply of Money: Macro economics studies the demand and supply of money and their impact on the level of employment and production. It includes monetary policies, fiscal policies, foreign policy etc.
• Study of International Trade: The Macro economics studies international trade. The international trade deals with export, import, exchange rate and balance of payment.

Thus, the scope of Macro economics is wider and studies the factors that retard growth and those which bring the economy on the path of economic development.