macroeconomics

[mak-roh-ek-uh-nom-iks, -ee-kuh-]

noun

(used with a singular verb)

1. the branch of economics dealing with the broad and general aspects of an economy, as the relationship between the income and investments of a country as a whole.

macroeconomics

/ -ˌɛk-, ˌmækrəʊˌiːkəˈnɒmɪks /

noun

1. (functioning as singular) the branch of economics concerned with aggregates, such as national income, consumption, and investment Compare microeconomics

macroeconomics

1. The part of economic theory that deals with aggregates, such as national income, total employment, and total consumption. (Compare microeconomics.)

Other Word Forms

• macroeconomic adjective
• macroeconomist noun

Word History and Origins

Origin of macroeconomics¹

First recorded in 1945–50; macro- + economics

Example Sentences

Stephen Millard, deputy director for macroeconomics at Niesr, said Reeves "will need to either raise taxes or reduce spending or both in the October Budget if she is to meet her fiscal rules".

From BBC

We could say roughly the same thing about Trump’s protectionist, nationalistic views of macroeconomics, which had been abandoned by mainstream economists by the late 1950s.

From Salon

The first collaboration in science, involving authors in macroeconomics, supply chain research, and statistics, now aims to establish a foundation.

From Science Daily

The secretary’s talks are expected to include discussion of macroeconomics, climate change and debt in the developing world.

From Washington Times

The scripts touch on all sorts of systemic forces, from the workers left out of the New Deal to the macroeconomics of the decline of the middle class.

From New York Times