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macroeconomics

macroeconomics

6 6.6
The study of how a country's whole economy works, including inflation, unemployment, and growth
  • noun
  • /ˌmækroʊɪˈkɒnəmɪks/
  • Specialized
translation icon : macroeconomía
  • Furthermore, there is at the present time no consensus on which theory of macroeconomics best describes the workings of our economy.
  • Keynesian macroeconomics

OK, Now, how does he know so much about macroeconomics?

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Examples

  • Rather than studies of this nature, we have, for the most part, macroeconomics and some surveys of living standards.

    Academic text (1991)
  • In macroeconomics, an increasingly political risk analysis of Israel and the Middle East.

  • Central planning based on macroeconomics was one of the many reasons why the Soviet Union imploded.

    Blog text (15)
  • Now it's easy to find campesino leaders in Central America who can speak about macroeconomics, about economic adjustment.

    Academic text (1998)
  • In macroeconomics, "Inflationary Expectations" have been a critically discussed and versed phenomenon for a long time.

    Academic text (2018)
  • The economists Rudiger Dornbusch and Sebastian Edwards have characterized such policies as "the macroeconomics of populism."

    Academic text (2008)
  • In my macroeconomics course, we learned how inflation affects national growth.

  • Understanding macroeconomics is essential for analyzing the overall health of an economy.

  • Many students find macroeconomics challenging due to its focus on large-scale economic systems.

How Broad

macroeconomics
  • Specialized
6 6.6
microeconomics
  • Specialized
1 6.8

Surface Forms

macroeconomics singular

Morphology

macroeconomics = economics (transparent) = macro + econom + ics

The meaning is straightforwardly built from the prefix macro- meaning large-scale and the base word economics.

Etymology

Macroeconomics comes from the part macro- meaning 'large' and economics, a word that originally meant 'household' and now means managing money and resources. So, macroeconomics is the study of the whole economy, the big picture of growth, jobs and prices.