New classical theorists demanded that macroeconomics be grounded on the same foundations as microeconomic theory, profit-maximizing firms and rational, utility-maximizing consumers.
This is in contrast to macroeconomics, which involves the sum total of economic activity, dealing with the issues of growth, inflation, and unemployment.
The graduate school programs ranked highest in 2007 were counseling and personnel services, chemical engineering, psychology, macroeconomics, applied mathematics and non-profit management.
