Econ Micro Unit 1

Econ Micro Unit 1
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  • I really don't understand the differences between micro and macro economics. Maybe I'll ask around and see if anyone can help.
  • Micro focuses on individuals or groups. Macro focuses on the whole economies of different nations.
  • Mrs. Smith, what is one difference between micro and macro?
  • Bob- What are some things studied in microeconomics?
  • Micro examines things like supply and demand, production, regulation, and opportunity cost.
  • Ask your mom.
  • Dad- what are some things studied in macroeconomics?
  • Macro examines things like unemployment, GDP, imports, and exports.
  • Mom- what are some things studied in macroeconomics?
  • What a great day! Thanks to my family and friends, I totally understand the differences between macro and micro. Econ is cool!
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