Microeconomics vs Macroeconomics
A bird's eye view to the study of economics for beginners. In general, we are concerned with the details in microeconomics. The focus is always ONE consumer, ONE household, ONE firm or ONE industry. In microeconomics, think small. In macroeconomics, we are concerned with the big picture. We want to know when different players (consumers, firms, government and foreign sectors etc) interact, how do they affect the national economy in general? In macroeconomics, think big.

Free

Save for later

About this resource

Info

Created: Jul 28, 2015

Updated: Aug 19, 2015

Report a problem

Categories & Grades

Tes Classic Free Licence

How can I re-use this?