Micro: behavior of households and firms. Macro: economy wide issues such as unemployment, inflation, econ. growth/development.
difference in methodology for microeconomics and macroeconomics?
Microeconomics focuses on individual agents and markets, such as the pricing of specific goods, consumer behavior, and the supply and demand for labor. An example of microeconomics is analyzing how a change in the price of coffee affects the quantity demanded by consumers. In contrast, macroeconomics examines the economy as a whole, including national income, inflation, and unemployment rates. An example of macroeconomics is studying how fiscal policy changes impact overall economic growth.
microeconomics im not sure why
a family's decision about how much income to save microeconomics or macroeconomics?
MICROECONOMICS- this deals with any individual segment of economy. MACROECONOMICS- this deals with the whole economy.
difference in methodology for microeconomics and macroeconomics?
Microeconomics focuses on individual agents and markets, such as the pricing of specific goods, consumer behavior, and the supply and demand for labor. An example of microeconomics is analyzing how a change in the price of coffee affects the quantity demanded by consumers. In contrast, macroeconomics examines the economy as a whole, including national income, inflation, and unemployment rates. An example of macroeconomics is studying how fiscal policy changes impact overall economic growth.
Microeconomics means to study the individual economy while in macroeconomics we study the aggregate economy.
microeconomics im not sure why
a family's decision about how much income to save microeconomics or macroeconomics?
macroeconomics and microeconomics
Macroeconomics and Microeconomics
MICROECONOMICS- this deals with any individual segment of economy. MACROECONOMICS- this deals with the whole economy.
microeconomics
microeconomics is a micro.
full employment
full employment