Macroeconomic models;

The clarification and illustration of basic theoretical principles and theories are mostly possible with the macroeconomic models to verify, compare and quantify the different macroeconomic theories.

Therefore, the structure of a macroeconomic model is confined to the comparative statics and dynamics of some macroeconomic variables, such as- aggregate output, aggregate income, the level of employment and the level of prices.

Therefore, it is an analytical tool which is designed to describe the function and operation of the aggregate economy. We can include here the logical, mathematical, and other types of macroeconomic models with different purposes and uses.