Download Om Classical Economics

Differences between micro and
macroeconomcis
Saad Al-Shibani
Microeconomics
Microeconomics: is the study of decisions that people and
businesses make regarding allocation of resources and prices
of goods and services. Ex. Fish Market
Macroeconomics
Macroeconomics on the other hand, is the study of the behavior
of the economy as whole and not just specific companies;
entire industries and economies. Ex. Unemployment
Few differences
Some differences between microeconomics and
macroeconomics.
Micro
Macro
Microeconomics includes a certain Macroeconomics includes a whole
project
country system, massive projects
and presentations
Takes a bottom-up approach of
analyzing
Top-down approach
Questions keep changing but
answers are always answered
Questions stay the same, but
different answers
Leads to understanding of the
individual supply and demand
Inflation rate, unemployment, and
interest rate
WikiAnswers
Economic vise president: Amin Alshibani
Shewell 22-48
Top-down, and bottom-up approach
By bottom-top approach, it means that you go from a mini
business, from a few projects, into the top, with
governments, massive companies, etc. And top-down is the
opposite approach, is when you go from massive projects and
presentations, into a mini project/presentation.
The End
And these are some differences between micro and
macroeconomics, hope you enjoyed it and learned something
from it.