Macroeconomics

Macroeconomics is the branch of economics that focuses on the economy as a whole, including issues like growth, unemployment, inflation, and the balance of trade.

Definitions

According to Principles of Economics by Timothy Taylor (3rd edition),

Macroeconomics. Branch of economics that focuses on the economy as a whole, including issues like growth, unemployment, inflation, and the balance of trade.

According to Macroeconomics by Mankiw (7th edition),

Macroeconometric model. A model that uses data and statistical techniques to describe the economy quantitatively, rather than just qualitatively.