"Macroeconomics is a branch of economics that deals with the performance, structure, behavior, and decision-making of an economy as a whole."
Macroeconomics is the study of the economy as a whole, including topics like inflation, unemployment, economic growth, and monetary policy. Macroeconomists analyze the interactions between different markets and the role of government policies in shaping the overall economic environment.
"Macroeconomists study topics such as output/GDP and national income, unemployment, price indices and inflation, consumption, saving, investment, energy, international trade, and international finance."
"The focus of macroeconomics is often on a country (or even larger entities like the whole world) and how its markets interact to produce large-scale phenomena that economists refer to as aggregate variables. In microeconomics, the focus of analysis is often a single market."
"Macroeconomics and microeconomics are the two most general fields in economics."
"From introductory classes in 'principles of economics' through doctoral studies, the macro/micro divide is institutionalized in the field of economics. Most economists identify as either macro- or micro-economists."
"Macroeconomics is traditionally divided into topics along different time frames: the analysis of short-term fluctuations over the business cycle, the determination of structural levels of variables like inflation and unemployment in the medium term, and the study of long-term economic growth."
"Macroeconomics as a separate field of research and study is generally recognized to start in 1936, when John Maynard Keynes published his The General Theory of Employment, Interest and Money."
"Since World War II, various macroeconomic schools of thought like Keynesians, monetarists, new classical and new Keynesian economists have made contributions to the development of the macroeconomic research mainstream."
"It also studies the consequences of policies targeted at mitigating fluctuations like fiscal or monetary policy, using taxation and government expenditure or interest rates, respectively."
"The determination of structural levels of variables like inflation and unemployment in the medium term."
"The performance, structure, behavior, and decision-making of an economy as a whole."
"Large-scale phenomena that economists refer to as aggregate variables."
"The focus of analysis is often a single market, such as whether changes in supply or demand are to blame for price increases in the oil and automotive sectors."
"Policies that can affect living standards in the long term, e.g. by affecting growth rates."
"Policies targeted at mitigating fluctuations like fiscal or monetary policy using taxation and government expenditure or interest rates, respectively."
"To understand and explain the performance, structure, behavior, and decision-making patterns of an entire economy."
"Output/GDP and national income, unemployment, price indices and inflation, consumption, saving, investment, energy, international trade, and international finance."
"By studying the consequences of policies and their impact on fluctuations, living standards, and long-term growth."
"Keynesians, monetarists, new classical and new Keynesian economists have made contributions to the development of the macroeconomic research mainstream."
"The analysis of short-term fluctuations, determination of medium-term structural levels, and the study of long-term economic growth."