Scribd Logo
Upload

Welcome to Scribd!

  • 8 views

    Micro Vs Macro Economics

    Uploaded by

    Minhajul Islam Ove
    This document compares and contrasts partial equilibrium analysis and general equilibrium analysis in economics. Partial equilibrium analysis focuses on specific markets using models like supply and demand, while general equilibrium analysis considers the whole economy using models that look at macroeconomic indicators and the interaction between markets. General equilibrium analysis takes a top-down, aggregate view of how individual decisions combine to impact the overall economy, while partial equilibrium analysis takes a bottom-up, narrow view of how individual decisions affect specific markets.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content

    You might also like

    Micro Vs Macro Economics

    Uploaded by

    Minhajul Islam Ove
    8 views1 page
    This document compares and contrasts partial equilibrium analysis and general equilibrium analysis in economics. Partial equilibrium analysis focuses on specific markets using models like supply and demand, while general equilibrium analysis considers the whole economy using models that look at macroeconomic indicators and the interaction between markets. General equilibrium analysis takes a top-down, aggregate view of how individual decisions combine to impact the overall economy, while partial equilibrium analysis takes a bottom-up, narrow view of how individual decisions affect specific markets.

    Original Description:

    Original Title

    micro vs macro economics

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This document compares and contrasts partial equilibrium analysis and general equilibrium analysis in economics. Partial equilibrium analysis focuses on specific markets using models like supply and demand, while general equilibrium analysis considers the whole economy using models that look at macroeconomic indicators and the interaction between markets. General equilibrium analysis takes a top-down, aggregate view of how individual decisions combine to impact the overall economy, while partial equilibrium analysis takes a bottom-up, narrow view of how individual decisions affect specific markets.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    8 views1 page

    Micro Vs Macro Economics

    Uploaded by

    Minhajul Islam Ove
    This document compares and contrasts partial equilibrium analysis and general equilibrium analysis in economics. Partial equilibrium analysis focuses on specific markets using models like supply and demand, while general equilibrium analysis considers the whole economy using models that look at macroeconomic indicators and the interaction between markets. General equilibrium analysis takes a top-down, aggregate view of how individual decisions combine to impact the overall economy, while partial equilibrium analysis takes a bottom-up, narrow view of how individual decisions affect specific markets.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 1

    Economy as a whole Individual decision-making and

    behavior
    Partial equilibrium analysis General equilibrium analysis
    (focuses on specific markets) (considers whole economy)
    Supply & demand, market National income,
    competition, factor pricing, unemployment, inflation,
    consumer behavior economic growth, fiscal &
    VS monetary policy
    Aggregate demand and supply
    models, econometrics,
    Game theory, price theory, macroeconomic forecasting
    market simulation models models
    Narrow and specific Broad and aggregate

    Bottom-up: Individual Top-down: Aggregate


    decisions affect markets outcomes affect individuals

    You might also like