1907 01-7 3树 Microeconomics and Macroeconomics Microeconomics deals with: Behavior of individual units ·When Producing -How we choose what to produce Economics ECONOMICS MANAGEMENT SCHOOL,TONGJI UNIVERSITY
Economics ECONOMICS & MANAGEMENT SCHOOL, TONGJI UNIVERSITY 01-7 • Microeconomics deals with: – Behavior of individual units • When Producing – How we choose what to produce Microeconomics and Macroeconomics
01-8 0 © Microeconomics and Macroeconomics Microeconomics deals with: Markets:The interaction of consumers and producers Economics ECONOMICS MANAGEMENT SCHOOL,TONGJI UNIVERSITY
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01-9 1907 What is a Market? ·Markets -A geographically defined area where buyers and sellers interact to determine the price of a product or a set of products. Economics ECONOMICS MANAGEMENT SCHOOL,TONGJI UNIVERSITY
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1907 01-11 What is a Market? ·Defining the Market The market parameters must be set before an analysis of the market can take place. Economics ECONOMICS MANAGEMENT SCHOOL,TONGJI UNIVERSITY
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