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macroeconomics |
Also found in: Medical, Financial, Acronyms, Wikipedia, Hutchinson | 0.02 sec. |
macroeconomicsStudy of the entire economy in terms of the total amount of goods and services produced, total income earned, level of employment of productive resources, and general behaviour of prices. Until the 1930s, most economic analysis focused on specific firms and industries. The aftermath of the Great Depression and the development of national income and production statistics brought new interest to the field of macroeconomics. The goals of macroeconomic policy include economic growth, price stability, and full employment. See also microeconomics; national income accounting. macroeconomics the branch of economics concerned with aggregates, such as national income, consumption, and investment www.elsevier.com/homepage/sae/econworld/econbase/jmacro/frame.htm www.stern.nyu.edu/globalmacro How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Today's architects not only advise their clients through the design and construction process of building, they also advise them on how legal, accounting, banking and micro and macro economics play a role in the building process. It was kind of a shot at the typical, heavy model-driven arcane science of macro economics. Professor Batra's underlying complaint seems to be with mainstream macro economics which he sees as dominated by intellectuals bent on protecting their ideas and positions. |
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