Microeconomics and macroeconomics--micro and macro, as many economists call them--are the two major subdivisions in the field of economics. Micro examines the economy in miniature, while macro concerns itself with economic aggregates, such as gross domestic product or national unemployment rates. Mic...
But for some, I think the focus on negatives like recession and inflation make many think these are the only topics economics focuses on. They couldn’t be more wrong. There are two broad categories of economics – macroeconomics and microeconomics. Macroeconomics is “big picture” economics, c...
Macroeconomicsis a branch of economics that focuses on general or large-scale economic factors – it looks at the‘big picture’. The wordmacro means overall or large-scale. Macroeconomics gathers and analyzes economy-wide data and phenomena such as inflation, unemployment, GDP (gross domestic prod...
Inflation (or Deflation) Inflation in consumer prices is measured and tracked so that problems in the economy can be pinpointed. If the rate of inflation is outpacing the rate of income growth, the economy is in trouble. Inflation can be negative, too; this is calleddeflation, but it is ...
or as a means for encouraging consumer behavior that will lead to a decrease in the GDP level. This is particularly necessary since GDP that is too low or too high could have a negative effect on the economy. In particular, a GDP that is substantially higher than normal could be a ...
In economics,inflation is a rise in the general level of prices of goods and services in an economy over a period of time.[1] When the price level rises,each unit of currency buys fewer goods and services; consequently,inflation is also an erosion in the purchasing power of money – a ...
inflation targetingnew consensuspost keynesian economicsThe purpose of this paper is to show that inflation targeting is compatible with Post Keynesian economics, but only if the policies used to achieve the inflation target explicitly acknowledge (1) the demand-determined nature of the real income ...
There is a lot of mismanagement in development, with corruption or ignorance gumming up the works so that money doesn't seem to do very much. The growth of micro financing is definitely a start, like you say, but macro initiatives, tailored to the needs of the group, need to be put ...
For comparison, here is the inflation in Switzerland for the same period: Switzerland Inflation Rate. Source: https://tradingeconomics.com/switzerland/inflation-cpi As you can see, Switzerland’s inflation rate has historically been significantly lower than in the United States. Since 1992, it alwa...
The consumer price index (CPI) is used as an economic indicator of inflation. It is also used as a deflator for various economics series, as a deflator for the determination of the purchasing power of the value of a consumer's dollar, and as an indicator of the efficacy of government pol...