macroeconomics

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Related to Macroeconomic theory: Microeconomic theory

mac·ro·ec·o·nom·ics

 (măk′rō-ĕk′ə-nŏm′ĭks, -ē′kə-)
n. (used with a sing. verb)
The study of the overall aspects and workings of a national economy, such as income, output, and the interrelationship among diverse economic sectors.

mac′ro·ec′o·nom′ic adj.
mac′ro·e·con′o·mist (-ĭ-kŏn′ə-mĭst) n.

macroeconomics

(ˌmækrəʊˌiːkəˈnɒmɪks; -ˌɛk-)
n
(Economics) (functioning as singular) the branch of economics concerned with aggregates, such as national income, consumption, and investment. Compare microeconomics
ˌmacroˌecoˈnomic adj

mac•ro•ec•o•nom•ics

(ˌmæk roʊˌɛk əˈnɒm ɪks, -ˌi kə-)

n. (used with a sing. v.)
the branch of economics dealing with the broad and general aspects of an economy, as the relationship between the income and investments of a country as a whole. Compare microeconomics.
[1945–50]
mac`ro•ec`o•nom′ic, adj.
mac`ro•e•con′o•mist (-ɪˈkɒn ə mɪst) n.

macroeconomics

the division of economics dealing with broad, general aspects of an economy, as the import-export balance of a nation as a whole. Cf. microeconomics. — macroeconomist, n. — macroeconomic, adj.
See also: Economics

macroeconomics

That branch of economics which studies the economy as a whole, e.g. the level of output, the level of employment, the level of inflation.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.macroeconomics - the branch of economics that studies the overall working of a national economymacroeconomics - the branch of economics that studies the overall working of a national economy
economic science, economics, political economy - the branch of social science that deals with the production and distribution and consumption of goods and services and their management
Translations
makroekonomie

macroeconomics

[ˌmækrəʊˌiːkəˈnɒmɪks] NSINGmacroeconomía f

macroeconomics

macro-economics [ˌmækrəʊiːkəˈnɒmɪks] nmacro-économie f

macroeconomics

n sing or plMakroökonomie f

macroeconomics

[ˌmækrəʊˌiːkəˈnɒmɪks] nsgmacroeconomia
References in periodicals archive ?
Both experience and macroeconomic theory indicate what to expect.
Astor's approach to asset allocation is driven by macroeconomic theory, utilizing a broad range of asset classes with low correlation to the broader market.
2) Textbook macroeconomic theory predicts a positive relationship between productivity and real interest rates, implying that a lower trend in productivity growth will lead to persistently lower real interest rates.
Keynes publishes the General Theory of Employment, Interest, & Money (commonly known as The General Theory): a magnum opus that defines macroeconomic theory.
Among the topics are the role and method of economics, the economic way of thinking, using supply and demand, market failure and public choice, production and costs, firms in perfectly competitive markets, monopolistic competition and oligopoly, economic growth, economic growth, aggregate demand and aggregate supply, fiscal policy, monetary institutions, the Federal Reserve and monetary policy, issues in macroeconomic theory and policy, and international economics.
The downward movement is attracting attention because expected inflation is at the center of the macroeconomic theory used by central banks around the world, and it is also an important input into many macroeconomic forecasting models.
It is well established in macroeconomic theory that domestic inflation, ceteris paribus, relates to home currency depreciation.
Yet the book is successful in showing that a unit of study based on the standard concerns of mainstream macroeconomic theory and policy can raise all the big political economic questions if only teachers are willing to rise to the challenge.
In the past few weeks, I've seen a number of speeches and articles suggesting that the problem lies in the inadequacy of our economic models that we need to rethink macroeconomic theory, which has failed to offer useful policy guidance in the crisis.
Meanwhile, conventional macroeconomic theory presumes that national income is determined on the aggregate demand side of the economy in the short run, yet on the aggregate supply side in the long run.
Two consequences of his conclusions were the further abandonment of the assumption of adaptive expectations, which was understood to carry out systematic forecasting errors and a reorientation of macroeconomic theory.
Manish and Benjamin Powell on the implications of the Austrian theory of capital), macroeconomic theory (Steven Horwitz on the Austrian analysis of deflation) and empirics (William J.