macro economic study for all information getting for government activities, more knowledege for banking institution and etc
A micro economist studies the market and companies while a macro economist studies the economy on a national or international scale.
They study the consumers who buy those goods and services.
Ragnar Frisch, Norwegian Economist, coined the terms 'micro' and 'macro' economics for the first time. He was the first Economics Nobel prize winner in 1969.
Macro economic is differ from micro economic because macro economic study as a whole economics but micro economic study only of an individual.
You can think of microeconomics as a study of the "small" economy. So you're looking supply and demand for individual firms or individual markets for goods and services. Macro is "big" economics, or the study of whole markets. For example, micro would look at consumer choice and the market for specific goods, while macro would ask how fiscal policy would affect exchange rates.
A micro economist studies the market and companies while a macro economist studies the economy on a national or international scale.
An economist may want to study historical government policies to understand their impact on economic outcomes, such as inflation or unemployment rates. By analyzing these artifacts, economists can gain insights into the effectiveness of different policy interventions on the economy.
what is diff b/w the classical economist and keynes economist
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They study the consumers who buy those goods and services.
Ragnar Frisch, Norwegian Economist, coined the terms 'micro' and 'macro' economics for the first time. He was the first Economics Nobel prize winner in 1969.
Macro economic is differ from micro economic because macro economic study as a whole economics but micro economic study only of an individual.
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An economist studies the economy.
You can think of microeconomics as a study of the "small" economy. So you're looking supply and demand for individual firms or individual markets for goods and services. Macro is "big" economics, or the study of whole markets. For example, micro would look at consumer choice and the market for specific goods, while macro would ask how fiscal policy would affect exchange rates.
Macro Economist because they deal with the bigger issues such as inflation,unemploment as a whole. Microeconomist would deal with how household, and firm make decisions on how they interact in specific market.
micro is the study of individual person or a firm and macro eco. is the study of whole economy...so if we study about small than after study about big thats why they both depend each other.