1. Microeconomics VS Macroeconomics
INTRODUCTION
Microeconomics VS Macroeconomics
How does Microeconomics Differ from Macroeconomics?
Prepared by NHMS, 2012

2. INTRODUCTION
Microeconomics examines the behaviour of individual economic entities: firms and consumers. How do individuals make consumption decisions? How do firms make profits and price their goods and services? The focus of microeconomics is markets: wage markets, the market for gasoline, rent markets, etc.
Micro
Macroeconomics is the study of the economy as a whole. Macroeconomics asks questions like: Why does the U.S. economy generally experience higher rates of growth than European economies? The rate of growth in China, employment rate? What causes inflation? What effect does the national debt have on economic growth? etc.
Macro
Prepared by NHMS, 2012

3. TOPICS IN MACROECONOMICS
Chapter 20 – Introduction to Macroeconomics-concepts
Chapter 21 – Measuring National Output and National Income
Chapter 22 – Unemployment, inflation, and Long-run Growth
Chapter 23 – Aggregate Expenditure and Equilibrium Output
Chapter 24 – Government and Fiscal Policy
Chapter 25 – The Money Supply and the Federal System
Chapter 26 – Money Demand and the Equilibrium Interest rate
Chapter 27 – International Trade, Comparative Advantage and
Protectionism