What is the difference between micro and macro economics ppt

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You May Also Like. Read More 7 minute read. Economics is a social study. It includes the learnings on the production and consumption of goods. Also, the…. C Commerce. MEC refers to the subjects Mathematics, Economics, Commerce which are considered as the core subjects of commerce. See our Privacy Policy and User Agreement for details. Difference between micro and macro economics. The SlideShare family just got bigger. Home Explore Login Signup.

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The circular flow of economic activity. Economic system. Related Books Free with a 30 day trial from Scribd. Shut Up and Listen! Related Audiobooks Free with a 30 day trial from Scribd. Think Like a Billionaire James Altucher. Jey Oweikeye. Nikita Keshri. Wismansyah Musa at Dinas Kebersihan dan pertamanan kota tangerang selatan.

Nursyafiqah Ika. While macroeconomists study the economy as a whole, microeconomists are concerned with specific firms or industries. Many economic events that are of great interest to both microeconomist and macroeconomists, though they differ in how they analyze those events.

A shift in tax policy would interest economists in both disciplines. Privacy Policy. Skip to main content. Principles of Economics. Search for:. Differences Between Macroeconomics and Microeconomics. Macroeconomics Macroeconomics is the study of the performance, structure, behavior and decision-making of an economy as a whole.

Learning Objectives Define macroeconomics and identify the main users of macroeconomics. Key Takeaways Key Points For most macroeconomists, the purpose of this discipline is to maximize national income and provide national economic growth. The most common macroeconomic topics of study for national entities are sustainability, full employment, price stability, external balance, equitable distribution of income and wealth, and increasing productivity.

Macroeconomists hope that their models help address two key areas of research: the causes and consequences of short-run fluctuations in national income otherwise known as the business cycle and what determines long-run economic growth.

Key Terms deflation : A decrease in the general price level, that is, in the nominal cost of goods and services.