explain microeconomics, macroeconomics and their differences
You are asked to address a professional meeting and explain
microeconomics, macroeconomics and their differences. Please answer the
following questions:
-What are the main differences between microeconomics and
macroeconomics? Provide an example of a microeconomic and macroeconomic
phenomenon.
-Would you give an example of a microeconomic decision
you’ve made at work or home? What factors contributed to making that decision?
-Would you give an example of how a macroeconomic phenomenon
has impacted a personal or business decision of yours? In the end, what was the
result of your decision?
Write out the text of your speech.
Reference
Perloff, J. M. (2007). Microeconomics (4th ed.). New York:
Pearson Addison Wesley.
