01-15-2015, 10:31 AM
MICROECONOMICS AND MACROECONOMICS
Microeconomics : Is the study of the behaviour of individual economic agents in the markets for different goods
and services and to figure out how prices and quantities of goods and services are determined through the interaction of individuals in these markets.
Macroeconomics : In this we try to get an understanding of the economy as a whole by focusing our attention on aggregate measures such as total output, employment and aggregate price level.
Microeconomics : Is the study of the behaviour of individual economic agents in the markets for different goods
and services and to figure out how prices and quantities of goods and services are determined through the interaction of individuals in these markets.
Macroeconomics : In this we try to get an understanding of the economy as a whole by focusing our attention on aggregate measures such as total output, employment and aggregate price level.