The study of an entire economic structure and its mechanisms. This is in effect a holistic overview of an economic entity, national, regional, or global. Macroeconomics is the big picture, microeconomics is the detail contained within it. Macroeconomic studies are used by governments and industries to predict trends, identify demand and growth areas and to help define social issues related to economic circumstances.
Examples of Macroeconomics:
Nouriel Roubini, macroeconomic analyst of the US economy prior to the 2008 crash.|
Globalism- a term based on the study of global macroeconomics.
The New Deal- a macroeconomic framework based on the US response to the Great Depression of 1929.
Circulation in macroeconomics.