Podcast
Questions and Answers
What are the main focuses of economics?
What are the main focuses of economics?
The main focuses of economics are the production, distribution, and consumption of goods and services.
What does microeconomics analyze?
What does microeconomics analyze?
Microeconomics analyzes individual agents and markets, their interactions, and the outcomes of interactions.
What does macroeconomics analyze?
What does macroeconomics analyze?
Macroeconomics analyzes the economy as a system where production, consumption, saving, and investment interact, and factors affecting it such as employment, currency inflation, economic growth, and public policies.
What are the broad distinctions within economics?
What are the broad distinctions within economics?
What are some examples of individual agents in the economy?
What are some examples of individual agents in the economy?
What are the two main branches of economics and what do they focus on?
What are the two main branches of economics and what do they focus on?
What are some examples of individual agents in microeconomics?
What are some examples of individual agents in microeconomics?
What does macroeconomics analyze in terms of the economy?
What does macroeconomics analyze in terms of the economy?
What are the broad distinctions within economics?
What are the broad distinctions within economics?
What is the focus of positive economics and normative economics?
What is the focus of positive economics and normative economics?