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 .)

Derived Forms

• ˌmacroˌecoˈnomic, adjective

Other Words From

• macro·eco·nomic adjective
• mac·ro·e·con·o·mist [mak-roh-i-, kon, -, uh, -mist], noun

Word History and Origins

Origin of macroeconomics¹

First recorded in 1945–50; macro- + economics