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 ?
We analyze the effect of knowledge on the macroeconomy, but we have to investigate the relationship between immaterial labor and knowledge in detail.
Even when consumer confidence in the overall macroeconomy is relatively low, consumers will make their consumption decisions from a more micro perspective.
1983), 'Oil and the Macroeconomy since World War II', Journal of Political Economy, 91, 228-248.
macroeconomy was certainly questionable at the start of 1974.
In spite of the evident slowing in growth, the EFIC says, "The UAE's macroeconomy has performed strongly in recent years.
Subject: The main objectives of the Conference are to improve our understanding of the pace and changing characteristics of globalisation in order to more accurately identify the various channels through which globalisation affects the macroeconomy.
Nine pillars are institutions, infrastructure, macroeconomy, health and primary education, higher education and training, market efficiency, technological readiness, business sophistication and innovation.
He added: "If all Gordon Brown can do is claim credit for the global macroeconomy then there are other people and other factors that have been at work.
We are known to be consumers in the macroeconomy, but BE facilitates the growth of business people in the black microeconomy, in every area of commerce.
For all its faults, it has facilitated the learning of much else--including many of the extra-IS/LM features of the macroeconomy.
The Federal Reserve Bank of Atlanta's May conference, "Housing, Mortgage Finance, and the Macroeconomy," brought together economists and housing experts to examine how housing finance and policy affect the larger economy and how the larger economy affects housing.
On the face of it, it's somewhat perplexing that variations in the stock market should have effects on the macroeconomy more generally.