Defining Microeconomics(1) Economics is composed of two branches. Microeconomics Macroeconomics Chapter 1
Chapter 1 15 Defining Microeconomics (1) Economics is composed of two branches: Microeconomics Macroeconomics
Defining Microeconomics(2 Microeconomics deals with Behavior of individual units--Consumers a When Consuming Maximizing Utility How we choose what to buy a Behavior of individual units--Firms a When Producing Maximizing profit a How we choose what to produce Chapter 1 16
Chapter 1 16 Defining Microeconomics (2) Microeconomics deals with: Behavior of individual units——Consumers When Consuming Maximizing Utility How we choose what to buy Behavior of individual units——Firms When Producing Maximizing Profit How we choose what to produce
Defining Microeconomics (3) Microeconomics deals with Markets the interaction of consumers and producers Output Market(Product Market) (产品市场) iNput Market(Factor Market (要素市场) Chapter 1
Chapter 1 17 Defining Microeconomics (3) Microeconomics deals with: Markets: The interaction of consumers and producers Output Market (Product Market) (产品市场) Input Market (Factor Market) (要素市场)
Defining Microeconomics(4) Macroeconomics deals with Analysis of aggregate issues( a 量的问题 Economic growth(经济增长) Inflation(通货膨胀) Unemployment(失业) aetc Chapter 1 18
Chapter 1 18 Defining Microeconomics(4) Macroeconomics deals with: Analysis of aggregate issues(总 量的问题) : Economic growth(经济增长) Inflation(通货膨胀) Unemployment(失业) etc
Defining Microeconomics(5) The Linkage(关系) Between micro and Macro-economics Microeconomics is the foundation of macroeconomIc analysIs Chapter 1
Chapter 1 19 Defining Microeconomics(5) The Linkage(关系) Between Micro and Macro-economics Microeconomics is the foundation of macroeconomic analysis