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    Micro-Economics 2nd Year 1st Semester: 1. Microeconomics 2. Macroeconomics

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    Microeconomics is the study of individual units such as consumers and businesses and their interactions in markets. It examines how scarce resources are allocated to satisfy competing needs and objectives. Microeconomics contrasts with macroeconomics, which looks at aggregate measures of the overall economy such as output, income, unemployment, inflation, and balance of payments. Macroeconomics also considers how resources are utilized at a national level over time. While the two can be distinguished, there is also overlap between microeconomic and macroeconomic concepts.

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    Micro-Economics 2nd Year 1st Semester: 1. Microeconomics 2. Macroeconomics

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    জয় সোম
    636 views2 pages
    Microeconomics is the study of individual units such as consumers and businesses and their interactions in markets. It examines how scarce resources are allocated to satisfy competing needs and objectives. Microeconomics contrasts with macroeconomics, which looks at aggregate measures of the overall economy such as output, income, unemployment, inflation, and balance of payments. Macroeconomics also considers how resources are utilized at a national level over time. While the two can be distinguished, there is also overlap between microeconomic and macroeconomic concepts.

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    micro market related

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    Micro Economics

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    Microeconomics is the study of individual units such as consumers and businesses and their interactions in markets. It examines how scarce resources are allocated to satisfy competing needs and objectives. Microeconomics contrasts with macroeconomics, which looks at aggregate measures of the overall economy such as output, income, unemployment, inflation, and balance of payments. Macroeconomics also considers how resources are utilized at a national level over time. While the two can be distinguished, there is also overlap between microeconomic and macroeconomic concepts.

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    636 views2 pages

    Micro-Economics 2nd Year 1st Semester: 1. Microeconomics 2. Macroeconomics

    Uploaded by

    জয় সোম
    Microeconomics is the study of individual units such as consumers and businesses and their interactions in markets. It examines how scarce resources are allocated to satisfy competing needs and objectives. Microeconomics contrasts with macroeconomics, which looks at aggregate measures of the overall economy such as output, income, unemployment, inflation, and balance of payments. Macroeconomics also considers how resources are utilized at a national level over time. While the two can be distinguished, there is also overlap between microeconomic and macroeconomic concepts.

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    Micro-Economics

    2nd year 1st semester

    Economics:

    Economics is the study of choice that individuals, business, governments and enter
    society make as they cope with scarcity and incentives that influence and reconcile
    those choice. The subject is divided into two main parts

    1. Microeconomics
    2. Macroeconomics

    Microeconomics:

    Microeconomics is the study of the choices that individuals and the business make, the
    way these choices interact in markets, and the influence of government.

    Microeconomics, branch of economics that deals with small units, includes individual companies
    and small groups of consumers. Economics is concerned with the allocation of scarce means
    among competing ends. People have a variety of objectives, ranging from the satisfaction of such
    minimum needs as food, clothing, and shelter, to more complex objectives of all kinds, material,
    aesthetic, and spiritual. However, the means available to satisfy these objectives at any point in
    time are limited by the available supply of factors of production (labor, capital, and raw
    materials) and the existing technology. Microeconomics is the study of how these resources are
    allocated to the satisfaction of competing objectives. It contrasts with macroeconomics, which is
    concerned with the extent to which the available resources are fully utilized, or increase over
    time, and related issues. It is not always possible to make a distinction between microeconomics
    and macroeconomics. For example, the difference between conflicting schools of thought in
    macroeconomics is sometimes traced to differences in assumptions related to microeconomics.

    Macroeconomics:

    Macroeconomics, branch of economics concerned with the aggregate, or overall, economy.


    Macroeconomics deals with economic factors such as total national output and income,
    unemployment, balance of payments, and the rate of inflation. It is distinct from
    microeconomics, which is the study of the composition of output such as the supply and demand
    for individual goods and services, the way they are traded in markets, and the pattern of their
    relative prices.
    Two core economic Questions:

    Two big questions summarize the scope of economics

    1.

    Ten Principal of Economics:


    1. People face trade of
    2. Opportunity cost (***)
    3. Rational people think of margin (***)
    4. People respond to incentive
    5. Trade can make every one better-of
    6. Market are good ways of engaging economic activities
    7. Government can sometimes improve market outcome
    8. A countries standard of leaving depends on the ability of production
    9. Price rises when government prints too much money
    10.Society faces a short term tradeof between inflation and unemployment.

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