Economics Related Guides
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John Spacey, September 01, 2016 updated on April 17, 2018
Macroeconomics is the economics of economies as a whole at the global, national, regional and city level. This complements microeconomics, the economics of participants in the economy such as firms and individuals. The following are examples of macroeconomics.
Markets such as supply and demand in a labor market.Market inefficiencies and failures such as the destruction of common goods due to economic systems that provide no incentive for their preservation.
Conditions for competitive markets such as the impact of monopolies or cronyism on a national economy.Business CyclesCycles of expansion and retraction in an economy.The causes of economic growth or contraction such as economic policy, investment, demographics, technological change and infrastructure.
The causes and impact of inflation and deflation.Money supply and interest rates and their effect on inflation, economic growth and trust in a currency.EmploymentModeling the causes of unemployment such as structural change to an economy.
Different types of goods and their supply and demand in a variety of market conditions. For example, the effect of a global shift towards a service based economy.TradeThe influence of trade on prices, growth, employment and economic efficiency such as modeling the impact of a trade war.
Improvements in productivity rates driven by technological change and economic development.The efficiency of the factors of production such as capital and land.NotesMany of the areas above are also explored by microeconomics. The difference between macroeconomics and microeconomics is about level of analysis not topic. For example, microeconomics might model markets from the perspective of an investor while macroeconomics models markets for an economy as a whole.|
| Type | | | Definition | The economics of economies as a whole at the global, national, regional and city level. | | Related Concepts | |
Macroeconomics
This is the complete list of articles we have written about macroeconomics.
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The definition of economic change with examples.
An overview of the major types of economic system.
The definition of industrialization with examples.
A complete overview of scarcity with examples.
Everyday examples of economics.
An overview of economic scale with examples.
An overview of trade wars with examples.
The common types of market conditions.
A complete overview of free markets.
The definition of information economics with examples.
The primary forces that shape competition in a market.
A complete overview of traditional economies with examples.
The definition of a developed country with an overview of common characteristics.
Several types of severe economic problems.
The difference between inflation and hyperinflation.
An overview of fiscal dominance.
The difference between inflation and deflation.
The difference between protectionism and free trade.
The definition of currency war with examples.
The common types of speculative bubble.
The definition of capital flight with examples.
A list of common economic issues.
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