Definitions and diagrams
description
Transcript of Definitions and diagrams
- 1. IB HL Economy Year 1
Hannah Phillips
Diagram and Definition
2. Economy
Economics is the study of how scarce resources are or should be
used.
3. Section 1
Introduction
4. Microeconomics
Microeconomics is the study of the behaviour of individual
markets
Macroeconomics
- Microeconomics is the study of how the economy as a whole works.