MONTIEL GUTIÉRREZ VICTOR 1EV2

Economics studies money, business,

inflation, unemployment, decisions that
governments and business managers take.

Economics study the trade-offs

Economics collect data, people make. They study the
create economic models reasons for their decisions
and formulate theories

What does
economics study?

Microeconomics deals with people and

Positive economics study economic data
private business. It looks at the
and try to explain the behavior of the
economic decisions people make every
economy. Normative economics suggest
day.
how to improve the economy
Macroeconomics looks at the economy
of a country and of the whole world.