Macroeconomics

MACROECONOMICS Macroeconomics is the study of the global economy in terms of total goods and services produced, total income, the level of employment, productive resources, and general behavior of prices. Macroeconomics can be used to analyze what is the best way to influence political objectives such as to grow the economy, price stability, employment and securing a sustainable balance of payments. Macroeconomics for example, focuses on the phenomena that affect the indicator variables of living in a society. Origins It comes from the Greek “Makro” which means large The macros (macro economy) concentrated in industries and individual companies.With the Great Depression of the 1930s and developing the concept of national statistics and product input (the study of gross domestic product), the field one of the challenges of the economy has been the struggle to reconcile the models macroeconomics and microeconomics. In the early 1950s, macroeconomists developed micro-based models of macroeconomic behavior (such as the role of consumption). The Dutchman economist Jan Tinbergen developed the first comprehensive macroeconomic model nationally, which first developed in Holland and then applied in the U.S. and the UK after the Second World War. The first global project economic model, the Wharton LINK Econometric Forecasting Associates (associated Wharton econometric forecasting) was started by Lawrence Klein and was mentioned in his call for the economics prize in memory of Alfred Nobel Bank of Sweden in 1980. In the 1970s economists such as Robert Lucas Jr suggested that at least some traditional Keynesian macroeconomic models were questionable since not derived from assumptions about individual behavior. However the new Keynesian macroeconomics has generally presented microeconomic models to support macroeconomic theory. It is important to realize that several schools of economics are not always in complete contrast to their peers, even when sometimes reach different conclusions. Macroeconomics is a constantly evolving area of research is conducted. The goal of economic research is not so much be right, but be precise. It is likely that none of the current economic schools perfectly capture the overall performance of the economy and real. Yet each party contributes to understanding the whole. When one learns more about each school finances, you may combine aspects of each to achieve a synthesis informed. Macroeconomic models Macroeconomics is a study of the economy of a country (or other aggregate operators, as it could be a region of a country or an area covering several countries, etc.) from the economic relations that agents argue that country between them and with the outside (We emphasize that this is important for the growing global economic interdependence). Since the potential economic relations are many and complex, simplifying assumptions are made to go exploring roughly what happens with the different economic variables involved when changes in the economic environment studied.Depending on the assumptions made of what relationships are or not, what kind of effects these relations forward, as do the transmission, and that is supposed to represent real world values of the variables used, are derived models or other, hence there is a wide variety of models that predict or explain different things about the workings of the macroeconomy. Generally, a school of thought has an associated economic models because the school places more emphasis on certain economic variables or other means that such relations with other economic variables are of a different nature.

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