3 Tutorials that teach Why Study Macroeconomics?
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Why Study Macroeconomics?

Why Study Macroeconomics?

Author: Colton Cranston
This lesson covers why study macroeconomics.
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Notes on "Why Study Macroeconomics?"

Key Terms

Economic Indicators

Data specific to an economic outcome or behavior that provide an indication of the direction of past (lagging indicator), present (coincident indicator), or future (leading indicator) economic activity.

Monetary Policy

Policy typically set by a central banking authority, whereby money supply access and the resulting cost or access to money (interest rate), is varied to assist in stabilizing economic activity.

Fiscal Policy

Policy typically set by a central government authority whereby government spending is adjusted to stabilize economic activity.

Business Cycles

The movement of an economy through expansion, peak, contraction, and trough over time; an assessment of economic activity through time.

Global Trade

Trade that occurs across nations, typically involving foreign exchange transactions.

Capital Flow

The movement of capital, typically referencing financial capital, into and out of an entity or country.