from The American Heritage® Dictionary of the English Language, 4th Edition
- n. The study of the overall aspects and workings of a national economy, such as income, output, and the interrelationship among diverse economic sectors.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. The study of the entire economy in terms of the total amount of goods and services produced, total income earned, the level of employment of productive resources, and the general behavior of prices.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. the branch of economics that studies the overall working of a national economy
However, this course based on macroeconomics, is designed …
We need a strong leader well experienced in macroeconomics, military tactics and foreign affairs to pull us out of what is boiling down to be 12 years of combined disastrous leadership (sic).
Stephen, in macroeconomics Christina Romer (now with the Obama Administration) has done some very good empirical work in trying to find “natural experiments” where there was a sudden unexpected policy change and then teasing out the statistical impact.
So now the entire field of macroeconomics is irrational?
January 11th, 2009 at 8: 38 am macroeconomics is junk jps Says:
In the late 1980's, the controversies in macroeconomics more or less ended in a stalemate, because each side had learned how to make its model fit the data.
Economists are very smart people, but there are still a lot of questions in macroeconomics that remain unanswered.
"What grade should President Bush earn in macroeconomics?"
What grade should President Bush earn in macroeconomics?
"Rules Rather Than Discretion: The Inconsistency of Optimal Plans," Journal of Political Economy 85 (June 1977): 473-91 but also of their individual contributions in macroeconomics and international macro.
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