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 ?
Along the way, students learn who collects these data, how they are collected, and the frequency with which they are released--institutional details often glossed over or omitted entirely in an introductory macroeconomics course.
There is a stark and unavoidable contradiction between what we want our macroeconomics to explain --persistent large-scale unemployment, desultory growth, price-level instability and the sort of phenomena that neoclassical microeconomics can comfortably accommodate.
But they offer a useful bird's-eye perspective of the macroeconomic consequences of financial crises, and help to sort out the main policy issues.
The two main conclusions I reach from my survey are the following: first, that the Brookings Papers has published a considerable number of papers that changed the direction of thinking in many different branches of macroeconomics; and second, that the Brookings Papers remains unique in its ability to recruit top people in the field to write original scholarly papers about current macroeconomic events.
The Handbook of Macroeconomics, produced for a more narrowly academic target audience, is notably more cautious: "the area of common ground is considerable, though we cannot yet announce a 'new synthesis' that could be endorsed by most scholars working in the field" (Taylor and Woodford 1999, xi).
The College Board regularly requires that the AP exams be given to college students who are completing an introductory course in microeconomics or macroeconomics.
Macroeconomics Principles became a course in the University Core of Texas A&M University-Corpus Christi (TAMU-CC) when the University changed from a two-year, upper-level institution to a four year comprehensive university in Fall 1994.
Farmer starts the book with the premise that since macroeconomics deals with the behavior of the economy as a whole, hence the natural foundation for macroeconomics lies in the microeconomic theory of general equilibrium.
Rather I want to ask if there is not a neglected connection between the environment and macroeconomics.
The book is concerned with macroeconomics, economic growth and international economies.
Hoover economist Thomas Sargent, a leader in the field of macroeconomics and the rational expectations revolution, was named the Nobel Memorial Prize in Economic Sciences today.
It covers economics, economic analysis, and economic systems; money, banks, and financial activities; the macroeconomics of the short and long run; the international economy; and recent trends.