Macroeconomics
Macroeconomics is a branch of economics that deals with an economy's performance, structure, behavior, and decision-making. For example, using interest rates, taxes, and government spending to regulate an economy's growth and stability. This includes regional, national, and global economies. According to a 2018 assessment by economists Emi Nakamura and Jón Steinsson, economic "evidence regarding the consequences of different macroeconomic policies is still highly imperfect and open to serious criticism" [O'Sullivan, p.57].
Macroeconomics is a branch of economics that studies how an overall economy—the markets, businesses, consumers, and governments—behaves. Macroeconomics examines phenomena such as inflation, price levels, economic growth rate, national income, gross domestic product (GDP), and changes in unemployment.
As the term implies, macroeconomics is a field of study that analyzes an economy through a wide lens. This includes looking at variables like unemployment, GDP, and inflation. In addition, macroeconomists develop models explaining the relationships between these factors [Investopedia].
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O'Sullivan, Arthur, Sheffrin, Steven M. (2003). Economics: Principles in Action. New Jersey: Pearson Prentice Hall.
Macroeconomics definition, history, and schools of law. Investopedia. Retrieved from: https://www.investopedia.com/terms/m/macroeconomics.asp