The study of decisions people make.The allocation of resources and price of goodsTaxes and government regulationsSupply and demand
Study the behavior of the economy as a whole.Looks into the Gross National Product.Unemployment and national income is affected.Rate of growth and price levels.
Examples of Both Phenomenon
The Microeconomic decision I had to make.
A Macroeconomic event that has impacted my life.
INCREASE OR DECREASE IN
BEHAVIOR OF FIRMS SUCH AS MONOPOLIES
PRICE CHANGES DUE TO SUPPLY AND DEMAND
A COUNTRY’S ECONOMICAL
Arnold C. Harberger.2009. Microeconomics. The Concise Encyclopedia of Economics. Library of Economics and Liberty. Retrieved November 26,2011 from: http://www.econlib.org/library/Enc/Microeconomics.html
Mike Moffatt. What is Microeconomics?.Economics.About.com. Retrieved November 25, 2011 from: http://www.economics.about.com/cs/studentresources/f/microeconomics.htm
Krugman & Wells. 2009.Economics. Chapter 22: Macroeconomics: The Big Picture. New York. Worth Publishers. pp 569-587
Krugman & Wells. 2009. Economics. Chapter 23: Tracking the Macroeconomic. New York. Worth Publishers. pp 589-614