No Bull Economics Lessons

Macroeconomics & Microeconomics Concepts You Must Know

Essential Questions

How are macroeconomics and microeconomics different?

Posted on April 15, 2014 at 9:25 AM

Economics is a social science that deals with the problem of scarce economic resources and incentives. Macroeconomics looks at the economy as a whole (GDP, unemployment, inflation, fiscal policy, monetary policy, etc.). Microeconomics looks at individual economic units (the firm, perfectly competitive market, monopoly, oligopoly, labor market, etc).

AP Macroeconomics / AP Microeconomics Unit 1 Basic Economic Concepts

Categories: AP Macroeconomics, Macro Unit 1 Basic Economic Concepts, Micro Unit 1 Basic Economic Concepts

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