Macroeconomics | Wikipedia audio article
Channel: wikipedia tts
Date: 2019-03-17

This is an audio version of the Wikipedia Article:
https://en.wikipedia.org/wiki/Macroeconomics


00:02:00 1 Basic macroeconomic concepts
00:02:41 1.1 Output and income
00:04:22 1.2 Unemployment
00:07:16 1.3 Inflation and deflation
00:09:17 2 Macroeconomic models
00:09:27 2.1 Aggregate demand–aggregate supply
00:11:58 2.2 IS-LM
00:13:57 2.3 Growth models
00:15:58 3 Macroeconomic policy
00:16:41 3.1 Monetary policy
00:19:02 3.2 Fiscal policy
00:21:22 3.3 Comparison
00:22:17 4 Development
00:22:27 4.1 Origins
00:23:39 4.2 Austrian School
00:24:02 4.3 Keynes and his followers
00:26:11 4.4 Monetarism
00:27:59 4.5 New classical
00:30:44 4.6 New Keynesian response
00:33:04 5 See also



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SUMMARY
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Macroeconomics (from the Greek prefix makro- meaning "large" + economics) is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole. This includes regional, national, and global economies. Macroeconomists study aggregated indicators such as GDP, unemployment rates, national income, price indices, and the interrelations among the different sectors of the economy to better understand how the whole economy functions. They also develop models that explain the relationship between such factors as national income, output, consumption, unemployment, inflation, saving, investment, international trade, and international finance.
While macroeconomics is a broad field of study, there are two areas of research that are emblematic of the discipline: the attempt to understand the causes and consequences of short-run fluctuations in national income (the business cycle), and the attempt to understand the determinants of long-run economic growth (increases in national income). Macroeconomic models and their forecasts are used by governments to assist in the development and evaluation of economic policy.
Macroeconomics and microeconomics, a pair of terms coined by Ragnar Frisch, are the two most general fields in economics. In contrast to macroeconomics, microeconomics is the branch of economics that studies the behavior of individuals and firms in making decisions and the interactions among these individuals and firms in narrowly-defined markets.