Microeconomics VS Macroeconomics

lizardgossypibomaManagement

Oct 28, 2013 (3 years and 8 months ago)

64 views

Microeconomics VS
Macroeconomics

How does Microeconomics Differ
from Macroeconomics?

INTRODUCTION

Prepared by NHMS, 2012

INTRODUCTION

Prepared by NHMS, 2012


Microeconomics
examines the behaviour of
individual economic entities
: firms and
consumers. How do individuals make
consumption decisions? How do firms make
profits and price their goods and services?
The focus of microeconomics is markets:
wage markets, the market for gasoline, rent
markets, etc.

Micro


Macroeconomics

is the study of the economy
as a whole
. Macroeconomics asks questions
like: Why does the U.S. economy generally
experience higher rates of growth than
European economies? The rate of growth in
China, employment rate? What causes
inflation? What effect does the national debt
have on economic growth? etc.

Macro

TOPICS IN MACROECONOMICS


Chapter 20


Introduction to Macroeconomics
-
concepts


Chapter 21


Measuring National Output and National Income


Chapter 22


Unemployment, inflation, and Long
-
run Growth


Chapter 23


Aggregate Expenditure and Equilibrium Output


Chapter 24


Government and Fiscal Policy


Chapter 25


The Money Supply and the Federal System


Chapter 26


Money Demand and the Equilibrium Interest rate


Chapter 27


International Trade, Comparative Advantage and


Protectionism