Questions and Answers
What does microeconomics analyze?
Individual agents and markets
What is the focus of macroeconomics?
Economy as a system and its interactions
What distinguishes positive economics from normative economics?
Describing 'what is' vs advocating 'what ought to be'
Where can economic analysis be applied?
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What is the main focus of economics?
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What is the focus of behavioural economics?
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In what way does applied economics differ from economic theory?
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What does normative economics advocate?
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What distinguishes heterodox economics from mainstream economics?
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Where can economic analysis be applied?
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