Macroeconomics

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Macroeconomics

Analysis of a country's economy as a whole.

Macroeconomics

The study of an economy in its largest sense. That is, macroeconomics studies gross domestic product, unemployment, inflation, and similar matters. It does not look at the function of individual companies and only tangentially studies individual industries. It is useful in helping determine the aggregate effect of certain policies on an economy as a whole. See also: Microeconomics.

macroeconomics

the branch of economics concerned with the study of aggregate economic activity. Macroeconomic analysis investigates how the economy as a whole ‘works’ and seeks to identify strategic determinants of the levels of national income and output, employment and prices. See CIRCULAR FLOW OF NATIONAL INCOME MODEL, EQUILIBRIUM LEVEL OF NATIONAL INCOME, INTERNAL-EXTERNAL BALANCE MODEL, MACROECONOMIC POLICY, MICROECONOMICS.
References in periodicals archive ?
Today's architects not only advise their clients through the design and construction process of building, they also advise them on how legal, accounting, banking and micro and macro economics play a role in the building process.
We might come together for issues like defence for example, macro economics and things like the benefits payment system and crucially the environment.
Professor Batra's underlying complaint seems to be with mainstream macro economics which he sees as dominated by intellectuals bent on protecting their ideas and positions.
The devolution settlement of 1998 left Westminster with control over foreign and defence policy, the constitution, immigration, trade and macro economics and broadcasting.
A welcome contribution to scholarly economic and public policy debates, The Creation And Destruction Of Social Capital is written for advanced students yet offers insights critical to better understanding micro and macro economics alike.