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    By Victoria Rock Macroeconomics ECON224-1104B-22 Prof. Hector Morales November 27, 2011

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    This document provides an overview of microeconomics and macroeconomics. Microeconomics is defined as the study of individual decision making and the allocation of resources at the individual level. Macroeconomics examines the behavior of the overall economy, including metrics like gross national product, unemployment, and economic growth at the national level. The document outlines some key differences between microeconomics, which focuses on supply and demand and prices, and macroeconomics, which analyzes unemployment, inflation, and taxation at the aggregate level.

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    By Victoria Rock Macroeconomics ECON224-1104B-22 Prof. Hector Morales November 27, 2011

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    usmcdoc113597
    12 views9 pages
    This document provides an overview of microeconomics and macroeconomics. Microeconomics is defined as the study of individual decision making and the allocation of resources at the individual level. Macroeconomics examines the behavior of the overall economy, including metrics like gross national product, unemployment, and economic growth at the national level. The document outlines some key differences between microeconomics, which focuses on supply and demand and prices, and macroeconomics, which analyzes unemployment, inflation, and taxation at the aggregate level.

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    micro economia

    Original Title

    Micro Macroeconomics

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    This document provides an overview of microeconomics and macroeconomics. Microeconomics is defined as the study of individual decision making and the allocation of resources at the individual level. Macroeconomics examines the behavior of the overall economy, including metrics like gross national product, unemployment, and economic growth at the national level. The document outlines some key differences between microeconomics, which focuses on supply and demand and prices, and macroeconomics, which analyzes unemployment, inflation, and taxation at the aggregate level.

    Copyright:

    © All Rights Reserved
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    12 views9 pages

    By Victoria Rock Macroeconomics ECON224-1104B-22 Prof. Hector Morales November 27, 2011

    Uploaded by

    usmcdoc113597
    This document provides an overview of microeconomics and macroeconomics. Microeconomics is defined as the study of individual decision making and the allocation of resources at the individual level. Macroeconomics examines the behavior of the overall economy, including metrics like gross national product, unemployment, and economic growth at the national level. The document outlines some key differences between microeconomics, which focuses on supply and demand and prices, and macroeconomics, which analyzes unemployment, inflation, and taxation at the aggregate level.

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    By Victoria Rock

    Macroeconomics
    ECON224-1104B-22
    Prof. Hector Morales
    November 27, 2011
    Microeconomics
    The study of
    decisions people
    make.
    The allocation of
    resources and price
    of goods
    Taxes and
    government
    regulations
    Supply 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.
    MICROECONOMICS MACROECONOMICS
    MICROECONOMICS MACROECONOMICS

    DEPRESSION
    INCREASE OR
    DECREASE IN
    TAXATION

    INFLATION

    PRICE CHANGES
    DUE TO SUPPLY
    AND DEMAND
    UNEMPLOYMENT

    BEHAVIOR OF
    FIRMS SUCH AS A COUNTRY’S
    MONOPOLIES ECONOMICAL
    GROWTH
    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

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