Macroeconomics

(noun)

the study of the entire financial system 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

Related Terms

Examples of Macroeconomics in the following topics:

  • The International Monetary Fund (IMF)

    • It provides policy advice and financing to members in economic difficulties and also works with developing nations to help them achieve macroeconomic stability and reduce poverty.
    • The IMF does not require collateral from countries for loans but rather requires the government seeking assistance to correct its macroeconomic imbalances in the form of policy reform.
    • Conditionality also reassures the IMF that the funds lent to them will be used for the purposes defined by the Articles of Agreement and provides safeguards that country will be able to rectify its macroeconomic and structural imbalances.

  • Commercial Banks

  • Employment Levels

    • Full employment, in macroeconomics, is the level of employment rates when there is no cyclical unemployment.

  • New Slants on Old Adages

    • Keynes, perhaps the most influential twentieth-century English economist, is known as The Father of Macroeconomics.