macroeconomics

Also known as macroeconomy

thumb|250px|Production and national income: Macroeconomics takes a big-picture view of the entire economy, including examining the roles of, and relationships between, firms, households and governments, and the different types of markets, such as the financial market and the labour market.

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Macroeconomics studies the economy as a whole, looking at how firms, households, and governments interact with each other and examining different markets like the financial and labor markets. Understanding macroeconomics matters because it helps explain how these large-scale economic forces and relationships affect overall economic performance and national income.

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Commons category: Macroeconomics
Stack Exchange tag: economics.stackexchange.com/tags/macroeconomics
Wikimedia import URL: en.wikipedia.org/wiki/Macroeconomics

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~44 min read

Article

30 sections

Contents

Basic concepts
Output and income
Unemployment
Inflation and deflation
GDP Measurement
Equation Using Expenditure Approach
GDP Deflator
Measuring the supply of money
Open economies
History
Before Keynes
Keynes and Keynesian economics
Monetarism
New classical economics
New Keynesian response
2008 financial crisis
Growth models
Climate change in macroeconomics
Heterodox macroeconomics
Macroeconomic policy
Monetary policy
Fiscal policy
Comparison of fiscal and monetary policy
Macroeconomic models
Specific models
IS–LM model
AD-AS model
See also
References
Further reading

Macroeconomics is a branch of economics that deals with the performance, structure, behavior, and decision-making of an economy as a whole. This includes regional, national, and global economies. Macroeconomists study aggregate measures of the economy, such as output or gross domestic product (GDP), national income, unemployment, inflation, consumption, saving, investment, or trade. Macroeconomics is primarily focused on questions which help to understand aggregate variables in relation to long run economic growth.