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  2. Macroeconomics - Wikipedia

    en.wikipedia.org/wiki/Macroeconomics

    Macroeconomics is a branch of economics that deals with the performance, structure, behavior, and decision-making of an economy as a whole. [1] This includes regional, national, and global economies .

  3. History of macroeconomic thought - Wikipedia

    en.wikipedia.org/wiki/History_of_macroeconomic...

    Another example of a model in ecological economics is the doughnut model from economist Kate Raworth. This macroeconomic model includes planetary boundaries, like climate change into its model. These macroeconomic models from ecological economics, although more popular, are not fully accepted by mainstream economic thinking.

  4. Circular flow of income - Wikipedia

    en.wikipedia.org/wiki/Circular_flow_of_income

    The model Quesnay created consisted of three economic agents: The "Proprietary" class consisted of only landowners. The "Productive" class consisted of all agricultural laborers. The "Sterile" class is made up of artisans and merchants. The flow of production and/or cash between the three classes started with the Proprietary class because they ...

  5. Consumption function - Wikipedia

    en.wikipedia.org/wiki/Consumption_function

    By basing his model in how typical households decide how much to save and spend, Keynes was informally using a microfoundation approach to the macroeconomics of saving. [ 7 ] Keynes also took note of the tendency for the marginal propensity to consume to decrease as income increases, i.e. ∂ 2 C / ∂ Y d 2 < 0 {\displaystyle \partial ^{2}C ...

  6. IS–LM model - Wikipedia

    en.wikipedia.org/wiki/IS–LM_model

    Notably this is the case in Olivier Blanchard's widely-used [13] intermediate-level textbook "Macroeconomics" since its 7th edition in 2017. [ 14 ] In this case, the LM curve becomes horizontal at the interest rate level chosen by the central bank, allowing a simpler kind of dynamics.

  7. Real business-cycle theory - Wikipedia

    en.wikipedia.org/wiki/Real_business-cycle_theory

    Real business-cycle theory (RBC theory) is a class of new classical macroeconomics models in which business-cycle fluctuations are accounted for by real, in contrast to nominal, shocks. [1] RBC theory sees business cycle fluctuations as the efficient response to exogenous changes in the real economic environment.

  8. Outline of economics - Wikipedia

    en.wikipedia.org/wiki/Outline_of_economics

    Economics classes make extensive use of supply and demand graphs like this one to teach about markets. In this graph, S and D refer to supply and demand and P and Q refer to the price and quantity. The following outline is provided as an overview of and topical guide to economics:

  9. Dynamic stochastic general equilibrium - Wikipedia

    en.wikipedia.org/wiki/Dynamic_stochastic_general...

    Dynamic stochastic general equilibrium modeling (abbreviated as DSGE, or DGE, or sometimes SDGE) is a macroeconomic method which is often employed by monetary and fiscal authorities for policy analysis, explaining historical time-series data, as well as future forecasting purposes. [1]