Question

What is new political economics related to macro economics?

Answer 1

New Political Economy (NPE) is a relatively recent sub-school within the field of political economy. NPE scholars treat economic ideologies as the relevant phenomena to be explained by political economy. Thus, Charles S. Maier suggests that a political economy approach: "interrogates economic doctrines to disclose their sociological and political premises [...] in sum, [it] regards economic ideas and behavior not as frameworks for analysis, but as beliefs and actions that must themselves be explained".[1] This approach shapes Andrew Gamble's The Free Economy and the Strong State (Palgrave Macmillan, 1988), and Colin Hay's The Political Economy of New Labour (Manchester University Press, 1999). It also guides much work published inNew Political Economy, an international journal founded by Sheffield University scholars in 1996.[2]

Answer 2

HERE IS YOUR ANSWER MATE.....;

Macroeconomics is the branch of economics that studies the behavior and performance of an economy as a whole. It focuses on the aggregate changes in the economy such as unemployment, growth rate, gross domestic product and inflation.

• Extra Information :-

Macroeconomics focuses on three things: National output, unemployment, and inflation. Governments can use macroeconomic policy including monetary and fiscal policy to stabilize the economy. Central banks use monetary policy to increase or decrease the money supply, and use fiscal policy to adjust government spending.

The definition of macroeconomics is a branch of economics that deals with the relationship of the major factors in an economy. An example of macroeconomics is the study of U.S. employment.

Unemployment, interest rates, inflation, GDP, all fall into Macroeconomics. Congress raising taxes and cutting spending to reduce aggregate demand is macroeconomics.

Hope it's Helpful....:)