Macroeconomic Analysis
A Macroeconomic Analysis is an analysis of a macroeconomic system.
- Context:
- It can range from being a Qualitative Macroeconomic Analysis to being a Quantitative Macroeconomic Analysis (quantitative analysis).
- It can make use of a Macroeconomic Measure.
- It can be the focus of a Macroeconomics Research Domain.
- It can take the perspective of a Macroeconomics Economics Ideology.
- Example(s):
- Counter-Example(s):
- a Microeconomic Analysis.
- an Economic Agent Analysis, such as a Personal Economic Analysis.
- See: Economics, Unemployment, Inflation, Savings, Investment.
References
2014
- (Wikipedia, 2014) ⇒ http://en.wikipedia.org/wiki/macroeconomics Retrieved:2014-4-30.
- Macroeconomics (from the Greek prefix makro- meaning "large" and economics) is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole, rather than individual markets. This includes national, regional, and global economies. With microeconomics, macroeconomics is one of the two most general fields in economics.
Macroeconomists study aggregated indicators such as GDP, unemployment rates, and price indices to understand how the whole economy functions. Macroeconomists develop models that explain the relationship between such factors as national income, output, consumption, unemployment, inflation, savings, investment, international trade and international finance. In contrast, microeconomics is primarily focused on the actions of individual agents, such as firms and consumers, and how their behavior determines prices and quantities in specific markets.
While macroeconomics is a broad field of study, there are two areas of research that are emblematic of the discipline: the attempt to understand the causes and consequences of short-run fluctuations in national income (the business cycle), and the attempt to understand the determinants of long-run economic growth (increases in national income). Macroeconomic models and their forecasts are used by governments to assist in the development and evaluation of economic policy.
- Macroeconomics (from the Greek prefix makro- meaning "large" and economics) is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole, rather than individual markets. This includes national, regional, and global economies. With microeconomics, macroeconomics is one of the two most general fields in economics.