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Exploring Micro vs. Macroeconomics: Key Differences and Approaches

Learn about the distinctions between microeconomics, focusing on individual decisions, and macroeconomics, which studies economies as a whole. Discover the top-down and bottom-up approaches in economic analysis. Presented by Saad Al-Shibani.

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Exploring Micro vs. Macroeconomics: Key Differences and Approaches

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  1. Differences between micro and macroeconomcis Saad Al-Shibani

  2. Microeconomics Microeconomics: is the study of decisions that people and businesses make regarding allocation of resources and prices of goods and services. Ex. Fish Market

  3. Macroeconomics Macroeconomics on the other hand, is the study of the behavior of the economy as whole and not just specific companies; entire industries and economies. Ex. Unemployment

  4. Few differences Some differences between microeconomics and macroeconomics.

  5. WikiAnswers Economic vise president: AminAlshibani Shewell 22-48

  6. Top-down, and bottom-up approach By bottom-top approach, it means that you go from a mini business, from a few projects, into the top, with governments, massive companies, etc. And top-down is the opposite approach, is when you go from massive projects and presentations, into a mini project/presentation.

  7. The End And these are some differences between micro and macroeconomics, hope you enjoyed it and learned something from it.

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