Economics Branches: Micro and Macro

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What is the origin of the term 'micro' in economics?

French word, 'Petit' meaning small

Greek word, 'Mikros' meaning small (correct)

Latin word, 'Micro' meaning tiny

Greek word, 'Makros' meaning large

Who is credited with popularizing the Neo-Classical approach to Micro Economics?

Prof. Alfred Marshall (correct)

Adam Smith

J.S. Mill

David Ricardo

What is the name of the article in which Ragnar Frisch first referred to the study of individual firms and producers as 'Microeconomics'?

Economic Data Modeling

Business Cycles (correct)

Economic Theories

Micro Macro Analysis

Who was the joint winner of the first Nobel Prize for Economics in 1969 with Jan Tinbergen?

Ragnar Frisch Signup and view all the answers

What is the focus of Micro Economic analysis?

Individual firm and producer Signup and view all the answers

Which economist is credited with the development of macro economics approach?

Lord John Maynard Keynes Signup and view all the answers

What does Micro economics deal with?

A small part of the national economy Signup and view all the answers

Who defined Micro economics as "in fact a microscopic study of the economy"?

Maurice Dobb Signup and view all the answers

What was the main reason for the development of Micro economics?

The Great Depression of 1930s Signup and view all the answers

Who are the Physiocrats?

French Thinkers Signup and view all the answers

Economics Branches: Micro and Macro

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Questions and Answers

What is the origin of the term 'micro' in economics?

Who is credited with popularizing the Neo-Classical approach to Micro Economics?

What is the name of the article in which Ragnar Frisch first referred to the study of individual firms and producers as 'Microeconomics'?

Who was the joint winner of the first Nobel Prize for Economics in 1969 with Jan Tinbergen?

What is the focus of Micro Economic analysis?

Which economist is credited with the development of macro economics approach?

What does Micro economics deal with?

Who defined Micro economics as "in fact a microscopic study of the economy"?

What was the main reason for the development of Micro economics?

Who are the Physiocrats?

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