New classical macroeconomics, sometimes simply called new classical economics, is a school of thought in macroeconomics

Macroeconomics

Macroeconomics is a branch of economics dealing with the performance, structure, behavior, and decision-making of the whole economy. This includes a national, regional, or global economy...

 that builds its analysis entirely on a neoclassical

Neoclassical economics

Neoclassical economics is a term variously used for approaches to economics focusing on the determination of prices, outputs, and income distributions in markets through supply and demand, often mediated through a hypothesized maximization of utility by income-constrained individuals and of profits...

 framework. Specifically, it emphasizes the importance of rigorous foundations based on microeconomics

Microeconomics

Microeconomics is a branch of economics that studies the behavior of how the individual modern household and firms make decisions to allocate limited resources. Typically, it applies to markets where goods or services are being bought and sold...

. Macroeconomic model is built in analogy to the actions of individual agents, whose behavior is modeled in microeconomics.

New classical macroeconomics strives to provide neoclassical microeconomic foundations for macroeconomic analysis.