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Macroeconomics

//ˌmæk.ɹoʊˌiː.kəˈnɒ.mɪks// noun

Definitions

Noun
  1. 1
    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. uncountable
  2. 2
    the branch of economics that studies the overall working of a national economy wordnet

Etymology

From macro- (“large scale”) + economics. The first published use of the term was by the Norwegian economist Ragnar Frisch (1895–1973) in 1933.

See also for "macroeconomics"

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