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differentiation of macro and micro economics

2006-07-17 17:46:31 · 5 answers · asked by Anonymous in Business & Finance Other - Business & Finance

5 answers

Macro econ focuses more on the nation as a whole, and micro econ focuses more towards households and businesses

2006-07-17 17:49:41 · answer #1 · answered by Anonymous · 0 0

Your own definition of macro economics does not license the government to spend more money than it has, or is projected to ever have. The Keynesian argument is that the government (Macro) could make money available by manipulating securities. Well, isn't that what got us into the mess we're in now? The Keynesian argument also held that the rate of interest was primarily a monetary phenomenon - and one moreover detached from the real factors of thrift and the productivity of capital to which the neoclassical mind had linked it This position further implied that the rate of interest could no longer be invoked as the delicate mechanism for equilibrating intended saving and intended investment. This is precisely the conundrum we're in now. We are trying to forecast an economy with artificial interest rates. Keynes is widely accepted? LOL. Particularly now, after being treated to the Keynes method by Fannie, Freddie, Indy, Barney Frank, Frank Raines, Maxine Waters, Chris Dodd etal, Keynes is invoked as a pejorative rather than a sound economic method. Stop kidding yourself.

2016-03-26 22:20:01 · answer #2 · answered by ? 4 · 0 0

micro econ focuses on one kind of market or good or individuals like: market of computers or market of shoes
but macro focuses on a whole market of a nation like: consumption market of china
by micro you can get the macro results but by macro it is not certain to get the micro results

2006-07-17 18:35:29 · answer #3 · answered by nasim a 1 · 0 0

Micro means small, so microeconomics focuses on the "little picture," meaning the individual consumer.

Macro means big, so macroeconomics looks at the "big picture," meaning the entire economy--all consumers.

2006-07-18 00:18:56 · answer #4 · answered by msoexpert 6 · 0 0

As my name implies...Micro is for the winning. Macro...is...something...

2006-07-17 17:49:45 · answer #5 · answered by Anonymous · 0 1

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