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macroeconomics

Definition

The study of the behavior an economy at the aggregate level, as opposed to the level of a specific subgroups or individuals (which is called microeconomics). For example, a macroeconomist might consider the industrial sector, the services sector or the farm sector, but he/she will not consider specific parts of any of these sectors. Factors studies include inflation, unemployment, and industrial production, often with the aim of studying the effect of government policy on these factors.

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Exchange Rates and Economic IndicatorsCurrency exchange rates tend to be affected by macroeconomic variables, such as the major economic indicators released by governments at fixed intervals. For instance, the Gross Domestic Product (GDP) ... Read more