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Lec01handout - Microeconomics Reviews Slide#01 Intro Macro...

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Microeconomics Reviews Slide #01 June 28 2010 Intro Macro 1
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What Economics Is All About Scarcity: Economics: Intro Macro 2
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Microeconomics and Macroeconomics Microeconomics is the study of how households and firms make decisions and how they interact in markets. Macroeconomics is the study of economy-wide phenomena, including inflation, unemployment, and economic growth. These two branches of economics are closely intertwined, yet distinct they address different questions. Intro Macro 3
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