Micro & macroeconomics
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Transcript of Micro & macroeconomics
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MICRO- & MACROECONOMICS
AND THE DIFFERENCES BEWTEEN THEM
By Victoria RockMacroeconomics
ECON224-1104B-22Prof. Hector MoralesNovember 27, 2011
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Introduction
WELCOME
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Microeconomics
The study of decisions people make.The allocation of resources and price of goodsTaxes and government regulationsSupply and demand
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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.
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Examples of Both Phenomenon
MICROECONOMICS MACROECONOMICS
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The Microeconomic decision I had to make.
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A Macroeconomic event that has impacted my life.
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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
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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