Macroeconomics

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Related to Macro-economic 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 ?

Say's Law and the Keynesian Revolution: How Macro-economic Theory Lost Its Way.

Why Keynesian concepts cannot be used to explain pre-Keynesian economic thought: a reader's guide to classical economic theory

Macro-Economic Theory, (London: St Martin's Press, 1968)

Paul Samuelson and the dual Pasinetti theory

Their topics include implications of his law for Africa's development challenges, modelling historical growth, the core of macro-economic theory, competition and competitive policy in emerging markets, and the influence of Keynes on development economics.