Macroeconomics (宏观经济学 hóngguān jīngjì xué) refers to the study of the overall economy as a whole. It focuses on aggregate phenomena such as the price level, inflation, general levels of output, unemployment, and economic growth. Also see: microeconomics.
- 宏 (hóng) as in grand (宏大 hóngdà); 观 (guān) as in watch (观看 guānkàn) or viewpoint (观点 guāndiǎn). 宏观 (hóngguān) means macroscopy.
- 学 (xué) as in mathematics (数学 shùxué) or study (学习 xuéxí).
Macroeconomics (宏观经济学 hóngguān jīngjì xué) word example:
- New Classical Macroeconomics (新古典宏观经济学 xīngǔdiǎn hóngguān jīngjì xué).