Saad Al-Shibani Differences between micro and macroeconomcis

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. MicroMacro Microeconomics includes a certain project Macroeconomics includes a whole 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.