Macroeconomics

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Macroeconomics

Analysis of a country's economy as a whole.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
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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.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
OPEC has power in the market for crude oil and can affect the macroeconomy with its pricing, but I modeled it as a price-taker in financial markets; under the assumption that the people who coordinate decisions about the pricing of crude oil do not coordinate decisions about how to spend and save the proceeds therefrom, except insofar as that spending and saving determine the price of crude oil.
Critique: An absolute 'must read' for anyone having to do business on an international level in the current global economy, and of critical importance for anyone whose business is affected by global business climates, "Economics for Business: A Guide to Decision Making in a Complex Global Macroeconomy" is exceptionally well written, organized and presented, making it ideal for students, business executives, and non-specialist general readers with an interest in the global economy.
(2) For more information about projected changes in the macroeconomy, see Kathryn Byun and Bradley Nicholson, "The U.S.
"Our theoretical framework sheds light on a potential cause of the twin first-order problems facing China's macroeconomy today: (a) low consumption and income growth and (b) overcapacity of heavy industries with rising debt risks.
We analyze the macroeconomy using the framework of regulation theory and examine its characteristics and instability.
The government will make the effective management of the macroeconomy its first priority in order to successfully deal with internal and external risks, continue to help boost the economy, and pursue inclusive growth.
All of these factors have a profound effect on China's macroeconomy. In the meantime, owing to appreciation of the China currency (RMB), and in anticipation of expansion in the Chinese economy during the Olympics Games, the Chinese stock market has steadily increased since 2006, which, as a consequence, has attracted investors world wide.
The report, which covers the Philippines' Macroeconomy, Fixed Income Securities, Equity Markets and Economic Indicators, includes the following highlights:
When hundreds of thousands or even millions of consumers make such decisions at the same time, the positive impact on the macroeconomy is dramatic.
NYU Stern announced earlier this week it will launche a new Center for Real Estate Finance Research to explore key questions on topics in real estate such as residential mortgage finance reform, the role of real estate in the macroeconomy and real estate as a large asset class in portfolio management.
29 November 2011 - Greek Piraeus Bank (ATH:TPEIR) said British lender Standard Chartered (LON:STAN) had terminated negotiations to buy its business in Egypt, claiming tough conditions in the global macroeconomy.
The 2nd day programme came under the title of "The Wise Investor Day" during which it highlighted the value of family businesses within the framework of the macroeconomy, in addition to talking about the economic and regional issues, global risks and the psychological impact that affect the behavior of long-term investments.