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 ?
Peter Stoney, an expert with the Liverpool Research Group in Macro-economics (LRGM), points out that the proportion of Merseyside workers employed in the public sector is 10% higher than the UK average.
This article focuses on the economic structure that locks us into the 'iron cage' of consumption growth, and explores the need for a different kind of macro-economics. One in which stability no longer relies on ever-increasing consumption growth.
European Union director of macro-economics and statistics representative Fabio Scacciavillani will talk about its experience in reducing inflation.
For too many, he has become a distant figure concentrating on macro-economics rather than real, everyday worries.
He was then given the post of director of Russia's macro-economics cabinet.
Ingves suggested that in addition to analysing the vulnerabilities of individual countries and macro-economics, it is also important to examine major multinational financial groups and companies' foreign assets.
This is all political accounting," he says, "but it is also macro-economics."
Garrison did mention his macro-economics course (501) which, at that time Garrison took the course, used the Ackley text.
Nonetheless, while he has eliminated many of the calculations that would normally accompany a scholarly work in this field, the book will be most accessible to readers with grounding in the principles of micro- and macro-economics and a working knowledge of current public policy research.
Liverpool University research fellow Peter Stoney,a member of Professor Patrick Minford's Liverpool Macro-economics Research Group think tank,has entered the fray by suggesting Liverpool builds its new stadium on the Mersey waterfront,close to Waterloo Warehouse.
Lucy O'Carroll, head of UK macro-economics with the Royal Bank of Scotland, - another speaker at the dinner - stressed the importance of encouraging local enterprise and investing in home-grown talent.