Macroeconomic: meaning, definitions and examples

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macroeconomic

 

[ ˌmakrəʊɪkəˈnɒmɪk ]

Adjective / Noun
Context #1 | Adjective

economic analysis

Relating to or affecting the whole economy or a large part of it. Macroeconomic factors include inflation, unemployment, and economic growth.

Synonyms

economic, financial, monetary.

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Word Description / Examples
macroeconomic

Used in discussions related to the economy as a whole, such as national growth, inflation, employment, and overall economic policies.

  • The government has implemented several macroeconomic policies to combat inflation.
  • Macroeconomic trends indicate a slowdown in economic growth for the coming year.
economic

Utilized broadly to refer to anything related to the economy or economics; can be used in both academic and everyday contexts.

  • The economic impact of the new tax law is still being evaluated.
  • They discussed the economic benefits of the new trade agreement.
financial

Focuses on matters related to finance, banking, investments, and the management of money, often at the corporate or personal level.

  • She received advice from a financial consultant to manage her savings better.
  • The company is facing financial difficulties and may need to cut costs.
monetary

Pertains specifically to money, often in the context of national interests such as currency supply, central bank policies, and interest rates.

  • Monetary policy decisions by the central bank can have a significant impact on inflation.
  • There was a monetary reward for any information leading to the capture of the criminal.

Examples of usage

  • The government is implementing macroeconomic policies to stimulate economic growth.
  • Macroeconomic indicators suggest a slowdown in the economy.
Context #2 | Noun

economics

The branch of economics that deals with the structure, behavior, and performance of an economy as a whole. It focuses on large-scale economic factors such as interest rates, GDP, and national productivity.

Synonyms

economic analysis, macroeconomy, national economy.

Which Synonym Should You Choose?

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Word Description / Examples
macroeconomic

Used when discussing broad economic factors at a large-scale, such as national or global economies, including topics like inflation, unemployment, and GDP.

  • The report provided a macroeconomic overview of the country's financial situation
  • Experts are concerned about the macroeconomic impacts of the new trade policies
economic analysis

Refers to the detailed examination of economic conditions, often used in research, policy-making, and business strategy to understand fiscal or market trends.

  • The economic analysis revealed that the market is likely to grow by 5% next year
  • A thorough economic analysis is essential before launching a new product
macroeconomy

Used to refer to the economy as a whole, focusing on aggregate phenomena such as total output, employment, and income.

  • Changes in the macroeconomy can significantly impact individual businesses
  • Studying the macroeconomy helps us understand the larger economic forces at play
national economy

Specific to the economic system or financial health of a particular nation, dealing with issues like national income, national expenditure, and overall economic policies.

  • Government policies play a crucial role in shaping the national economy
  • The national economy has shown signs of recovery after the financial crisis

Examples of usage

  • Macroeconomic theory explores how changes in the overall economy impact businesses and individuals.
  • Studying macroeconomics helps policymakers understand the effects of their decisions on the economy.

Translations

Translations of the word "macroeconomic" in other languages:

🇵🇹 macroeconômico

🇮🇳 मैक्रोइकोनॉमिक

🇩🇪 makroökonomisch

🇮🇩 makroekonomi

🇺🇦 макроекономічний

🇵🇱 makroekonomiczny

🇯🇵 マクロ経済的

🇫🇷 macroéconomique

🇪🇸 macroeconómico

🇹🇷 makroekonomik

🇰🇷 거시 경제의

🇸🇦 اقتصادي كلي

🇨🇿 makroekonomický

🇸🇰 makroekonomický

🇨🇳 宏观经济

🇸🇮 makroekonomski

🇮🇸 hagkerfisfræðilegur

🇰🇿 макроэкономикалық

🇬🇪 მაკროეკონომიკური

🇦🇿 makroiqtisadi

🇲🇽 macroeconómico

Etymology

The term 'macroeconomic' was first introduced by Ragnar Frisch in the 1930s as a way to distinguish the study of aggregate economic activity from microeconomics, which focuses on individual markets and actors. Macroeconomics has since become a fundamental field in economics, essential for understanding and managing the overall performance of economies.

Word Frequency Rank

At position #12,786, this word is part of sophisticated English vocabulary. It's useful for academic or professional contexts where precise language is needed.