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 ?
His third target audience is made up of people "with a serious interest in or involvement with macroeconomics, but who never had the time or opportunity to acquire formal training in economics or mathematics.
4/ CBO to Organize Training Course on Macroeconomic Management
The objective of this workshop was to familiarize the journalists with the key concepts of macroeconomics and functions of SBP such as monetary policy, banking supervision and regulation, and overseeing of financial markets.
Along these lines, I have incorporated NPR's Planet Money podcast into my introductory macroeconomics course.
The Julian Hodge Institute of Applied Macroeconomics was established 16 years ago in association with Cardiff Business School.
Whether or not I ever end up running a company large enough to need to worry about big waves, what I gained from studying macroeconomics was familiarity with a set of concepts for understanding complex, dynamic systems - ideas I apply in various contexts on a daily basis.
Microeconomics (D) and Macroeconomics (E), which accounted for 22% of all articles written in the 1970s and 1980s, have declined to 15% of all articles in this decade, whereas fields such as Finance (G) and Development (O) have risen from 7% to 11% each.
Thus, in a 2008 paper titled 'The State of Macro' (that is, macroeconomics, the study of big-picture issues like recessions), Olivier Blanchard of M.
The fixtures of the macroeconomics conference circuit all started later: the Carnegie-Rochester series in 1973; the National Bureau of Economic Research's economic fluctuations program and its International Seminar on Macroeconomics and Summer Institute in 1978; the NBER Macroeconomics Annual in 1986 (a self-conscious copy of the Brookings Papers, I can say from firsthand knowledge); and the Minnesota Workshop in Macroeconomic Theory in 1990.
That's why we remain very cautious in terms of our own capacity, and I think macroeconomics suggest that the industry should feel the same way.
President Vicente Fox's government has managed to get a handle on macroeconomics, improving public accounts and the deficit.
I would suggest that there are a dozen lessons monetary economists and central bankers should take away from the Japanese experience with sustained deflation--some confirming the analyses of mainstream macroeconomics at the time, a few surprising to most or all observers.