Micro & macroeconomics
9
MICRO- & MACROECONOMICS AND THE DIFFERENCES BEWTEEN THEM By Victoria Rock Macroeconomics ECON224-1104B-22 Prof. Hector Morales November 27, 2011
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Transcript of Micro & macroeconomics
MICRO- & MACROECONOMICS
AND THE DIFFERENCES BEWTEEN THEM
By Victoria RockMacroeconomics
ECON224-1104B-22Prof. Hector MoralesNovember 27, 2011
Introduction
WELCOME
Microeconomics
The study of decisions people make.The allocation of resources and price of goodsTaxes and government regulationsSupply and demand
macroeconomics
Study the behavior of the economy as a whole.Looks into the Gross National Product.Unemployment and national income is affected.Rate of growth and price levels.
Examples of Both Phenomenon
MICROECONOMICS MACROECONOMICS
The Microeconomic decision I had to make.
A Macroeconomic event that has impacted my life.
Closing
MICROECONOMICS MACROECONOMICS
INCREASE OR DECREASE IN
TAXATION
BEHAVIOR OF FIRMS SUCH AS MONOPOLIES
PRICE CHANGES DUE TO SUPPLY AND DEMAND
DEPRESSION
INFLATION
UNEMPLOYMENT
A COUNTRY’S ECONOMICAL
GROWTH
Reference
Arnold C. Harberger.2009. Microeconomics. The Concise Encyclopedia of Economics. Library of Economics and Liberty. Retrieved November 26,2011 from: http://www.econlib.org/library/Enc/Microeconomics.html
Mike Moffatt. What is Microeconomics?.Economics.About.com. Retrieved November 25, 2011 from: http://www.economics.about.com/cs/studentresources/f/microeconomics.htm
Krugman & Wells. 2009.Economics. Chapter 22: Macroeconomics: The Big Picture. New York. Worth Publishers. pp 569-587
Krugman & Wells. 2009. Economics. Chapter 23: Tracking the Macroeconomic. New York. Worth Publishers. pp 589-614
