Word
macroeconomics
Phoneticsmacro·eco·nomics
US/ˌmækɹoʊɛkəˈnɑmɪks/
UK/mˌækɹəɹˌiːkənˈɒmɪks/
Uncountable noun
Definition
n. the study of how a whole country's economy works. It looks at big things like total production, how many people have jobs, and how prices change over time.
n. the branch of economics concerned with large-scale or general economic factors, such as interest rates and national productivity. Focuses on aggregate changes in the economy rather than individual markets.
Examples
“Macroeconomics helps us understand why the cost of living is rising.”
“Students of macroeconomics analyze how government spending and tax policies affect the overall growth of a nation.”
“While microeconomics examines the behavior of individual firms, macroeconomics addresses systemic issues like inflation, unemployment, and the long-term effects of monetary policy on the global market.”
Examples
simple
“Macroeconomics helps us understand why the cost of living is rising.”
contextual
“Students of macroeconomics analyze how government spending and tax policies affect the overall growth of a nation.”
complex
“While microeconomics examines the behavior of individual firms, macroeconomics addresses systemic issues like inflation, unemployment, and the long-term effects of monetary policy on the global market.”
Collocations
Common phrases and expressions where native English speakers use the word “macroeconomics” in context.
Verb
01. macroeconomics dictates
“Modern macroeconomics dictates that interest rates influence inflation.”
noun + verb
02. reshape macroeconomics
“The global financial crisis helped reshape macroeconomics as a discipline.”
verb + noun
03. study macroeconomics
“Students must study macroeconomics to understand national debt cycles.”
verb + noun
Adjective
04. applied macroeconomics
“The course focuses on applied macroeconomics to solve real-world fiscal issues.”
adj + noun
05. classical macroeconomics
“Classical macroeconomics emphasizes the role of free markets and self-correction.”
adj + noun
06. contemporary macroeconomics
“Contemporary macroeconomics incorporates complex mathematical modeling.”
adj + noun
Noun
07. model of macroeconomics
“They developed a new model of macroeconomics to predict market volatility.”
noun + prep + noun
08. principles of macroeconomics
“The principles of macroeconomics explain how aggregate demand affects growth.”
noun + prep + noun
09. foundation of modern macroeconomics
“Keynesian theory remains a foundation of modern macroeconomics.”
10. impact on global macroeconomics
“The shift in energy policy had a significant impact on global macroeconomics.”
Usage
Treated as singular in verb agreement despite the 's' ending.
Pitfall
Macroeconomics are a difficult subject.
Macroeconomics is a difficult subject.
Names of academic subjects ending in -ics are uncountable and take a singular verb.
Real-World Examples
“Woodford, of Columbia University in New York, is an expert in supply-side macroeconomics, specifically the role that expectations play in price-setting and inflation.” Etymology
From macro- (“large scale”) + economics. The first published use of the term was by the Norwegian economist Ragnar Frisch (1895–1973) in 1933.
Etymology adapted from Wiktionary, available under CC BY-SA 4.0.
Related words
- Exam level
- CambridgeCambridgeCambridge English QualificationsThe exam suite from Cambridge University Press & Assessment, from A1 Movers up to C2 Proficiency. The benchmark names double as CEFR labels.C1 AdvancedIELTSIELTSInternational English Language Testing SystemThe 0–9 band test co-owned by the British Council, IDP, and Cambridge. Used for university entry, work, and migration.7.0–8.0TOEFL iBTTOEFL iBTTest of English as a Foreign Language, Internet-Based TestETS's academic English test, the standard route for US university admissions. Scored 0–120, with a 1–6 scale since 2026.1–6 scale: 5.0–5.595–113TOEICTOEICTest of English for International CommunicationETS's workplace English test, big in Japan and Korea. Listening & Reading scores 10–990 and tops out at C1.945–990
- Frequency
- Occasional
- Level
- C1 · Advanced
- Updated
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englishreference.com/q/macroeconomics