Macroeconomics

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Related to Macroeconomic theory: Microeconomic theory

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 ?
Mainstream macroeconomic theory has absolutely no room for any concept of "escape velocity".
The Global Financial Crisis and the abject failure of the stimulus have unsettled macroeconomic theory and policy.
Macroeconomic theory does not have a magic formula in this respect.
Figure 2 shows that across all monetary shocks the economic variables respond in a manner consistent with macroeconomic theory.
These two articles provide us with a view of how the mathematical formalist of Foundations (Samuelson 1947) handled macroeconomic theory when most people writing in macroeconomics did so with more words than mathematical symbols, more diagrams than theorems and proofs.
Macroeconomic theory clearly suggests that at the zero lower bound, fiscal contraction will reduce output and slow any recovery.
Modern macroeconomic theory, in particular, has been criticized for its representation of the economy through highly stylized environments that abstract from distributional issues, ignore or minimize linkages between the financial and nonfinancial sectors of the economy, and, in general, rely too much on highly aggregative frameworks.
Monetary economics, financial economics, macroeconomic theory and mathematical economics are his research and teaching areas.
But Paul also plans to be an educator in his new role, holding committee hearings on monetary and macroeconomic theory that will introduce more Americans to Austrian Business Cycle theory.
As a student of distinguished economists in the "Austrian" tradition, as well as fellow travelers like James Buchanan, I have long harbored reservations about some schools of macroeconomic theory.
The rogue exam in Macroeconomic Theory was due to be sat by just one student re-sitting the module from the previous year.
Information and Coordination: Essays in Macroeconomic Theory.