macroeconomics

macroeconomics

English

WOTD – 21 April 2016

Etymology

From macro- (“large scale”) +‎ economics. The first published use of the term was by the Norwegian economist Ragnar Frisch (1895–1973) in 1933.[1]

Pronunciation

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• IPA^(key): /ˌmæk.ɹoʊˌiː.kəˈnɒ.mɪks/, /ˌmæk.ɹoʊˌɛ.kəˈnɒ.mɪks/

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• Hyphenation: mac‧ro‧ec‧o‧nom‧ics

Noun

macroeconomics (uncountable)

1. The study of the entire economy in terms of the total amount of goods and services produced, total income earned, the level of employment of productive resources, and the general behavior of prices.

   Antonym: microeconomics

Translations

study of the entire economy

Alemannic German: Makroökonomie Asturian: macroeconomía f Bulgarian: макроикономика f (makroikonomika) Catalan: macroeconomia f Chinese: Mandarin: 宏觀經濟學／宏观经济学 (hóngguān jīngjìxué) Czech: makroekonomie f Danish: makroøkonomi ? Dutch: macro-economie (nl) f Estonian: makroökonoomika Finnish: makrotaloustiede (fi) French: macroéconomie (fr) f Galician: macroeconomía (gl) f Georgian: მაკროეკონომიკა (maḳroeḳonomiḳa) German: Makroökonomie f Greek: μακροοικονομική (el) f (makrooikonomikí) Ido: (please verify) ekonomi makro Irish: maicreacnamaíocht f Italian: macroeconomia (it) f Japanese: マクロ経済学 (makuro-keizaigaku) Khmer: មហាសេដ្ឋសាស្ត្រ (moha sed dhak sars) Korean: 거시경제학 (ko) (geosigyeongjehak) Latin: macrooeconomia f Luxembourgish: (please verify) Makroökonomie ? Norwegian: makroøkonomi Polish: makroekonomia (pl) f Portuguese: macroeconomia (pt) f Romanian: macroeconomie (ro) f Russian: макроэконо́мика (ru) f (makroekonómika) Serbo-Croatian: Cyrillic: макроеконо̀мија f Roman: makroekonòmija (sh) f Spanish: macroeconomía (es) f Swedish: makroekonomi (sv) c Tagalog: dakagimatan, dak-agimatan Thai: เศรษฐศาสตร์มหัพภาค (sèet-tà-sàat-má-hàp-pâak) Turkish: makroekonomi (tr) Ukrainian: макроеконо́міка f (makroekonómika)

See also

• econometrics, also coined (in current sense) by Frisch

References

1. Ragnar Frisch (1933) Propagation Problems and Impulse Problems in Dynamic Economics, London: Allen & Unwin.