macroeconomics
English
editEtymology
editFrom macro- (“large scale”) + economics. The first published use of the term was by the Norwegian economist Ragnar Frisch (1895–1973) in 1933.[1]
Pronunciation
editAudio (US): (file) - IPA(key): /ˌmæk.ɹoʊˌiː.kəˈnɒ.mɪks/, /ˌmæk.ɹoʊˌɛ.kəˈnɒ.mɪks/
Audio (General Australian): (file) - Hyphenation: mac‧ro‧ec‧o‧nom‧ics
Noun
editmacroeconomics (uncountable)
- 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.
- Antonym: microeconomics
Translations
editstudy of the entire economy
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See also
edit- econometrics, also coined (in current sense) by Frisch
References
edit- ^ Ragnar Frisch (1933) Propagation Problems and Impulse Problems in Dynamic Economics, London: Allen & Unwin.
Categories:
- English terms derived from Proto-Indo-European
- English terms derived from the Proto-Indo-European root *meh₂ḱ-
- English terms derived from the Proto-Indo-European root *weyḱ-
- English terms derived from the Proto-Indo-European root *nem-
- English terms prefixed with macro-
- English terms with audio links
- English 6-syllable words
- English terms with IPA pronunciation
- English lemmas
- English nouns
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