Macroeconomics

Macroeconomics is a branch of economics that deals with the performance, structure, behavior, and decision-making of an economy as a whole. For example, using interest rates, taxes, and government spending to regulate an economy's growth and stability.[1] This includes regional, national, and global economies.[2][3]

Part of a series on
Macroeconomics
Bank of England
Basic concepts
Policies
Models
Related fields
Schools
Mainstream

Heterodox
People
See also
(Production and national income) Macroeconomics takes a big-picture view of the entire economy, including examining the roles of, and relationships between, corporations, governments and households, and the different types of markets, such as the financial market and the labour market. However, the use of natural resources and the generation of waste (like greenhouse gases) are often excluded in its models.

Macroeconomists study topics such as GDP (Gross Domestic Product), unemployment (including unemployment rates), national income, price indices, output, consumption, inflation, saving, investment, energy, international trade, and international finance.

Macroeconomics and microeconomics are the two most general fields in economics.[4] The United Nations Sustainable Development Goal 17 has a target to enhance global macroeconomic stability through policy coordination and coherence as part of the 2030 Agenda.[5]

According to a 2018 assessment by economists Emi Nakamura and Jón Steinsson, economic "evidence regarding the consequences of different macroeconomic policies is still highly imperfect and open to serious criticism."[6]

Share this article:

This article uses material from the Wikipedia article Macroeconomics, and is written by contributors. Text is available under a CC BY-SA 4.0 International License; additional terms may apply. Images, videos and audio are available under their respective licenses.