1. Scope of Economics (Micro and Macro) Flashcards

1
Q

What is Microeconomics?

A

Behavior of individual economic agents

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2
Q

Macroeconomics

A

study of the economy as a whole

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3
Q

GDP

A

Macroeconomics

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4
Q

Inflation

A

Macroeconomics

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5
Q

Employment/Unemployment

A

Macroeconomics

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6
Q

Aggregate Demand

A

Macroeconomics

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7
Q

Market

A

Microeconomics

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8
Q

Effect of Prices of Goods

A

Microeconomics

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9
Q

Labour Market

A

Microeconomics

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10
Q

Consumer Behavior

A

Microeconomics

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11
Q

Supply of Good

A

Microeconomics

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