Macroeconomics and Microeconomics

Shortcuts: Differences, Similarities, Jaccard Similarity Coefficient, References.

Difference between Macroeconomics and Microeconomics

Macroeconomics vs. Microeconomics

Macroeconomics (from the Greek prefix makro- meaning "large" and economics) is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole. Microeconomics (from Greek prefix mikro- meaning "small") is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms.

Capital (economics)

In economics, capital consists of an asset that can enhance one's power to perform economically useful work.

Capital (economics) and Macroeconomics · Capital (economics) and Microeconomics · See more »

Consumption (economics)

Consumption is the process in which consumers (customers or buyers) purchase items on the market.

Consumption (economics) and Macroeconomics · Consumption (economics) and Microeconomics · See more »

Economic growth

Economic growth is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time.

Economic growth and Macroeconomics · Economic growth and Microeconomics · See more »

Economics

Economics is the social science that studies the production, distribution, and consumption of goods and services.

Economics and Macroeconomics · Economics and Microeconomics · See more »

Economy

An economy (from Greek οίκος – "household" and νέμoμαι – "manage") is an area of the production, distribution, or trade, and consumption of goods and services by different agents.

Economy and Macroeconomics · Economy and Microeconomics · See more »

Human capital

Human capital is a term popularized by Gary Becker, an economist and Nobel Laureate from the University of Chicago, and Jacob Mincer.

Human capital and Macroeconomics · Human capital and Microeconomics · See more »

Inflation

In economics, inflation is a sustained increase in price level of goods and services in an economy over a period of time.

Inflation and Macroeconomics · Inflation and Microeconomics · See more »

Lucas critique

The Lucas critique, named for Robert Lucas's work on macroeconomic policymaking, argues that it is naive to try to predict the effects of a change in economic policy entirely on the basis of relationships observed in historical data, especially highly aggregated historical data.

Lucas critique and Macroeconomics · Lucas critique and Microeconomics · See more »

Ragnar Frisch

Ragnar Anton Kittil Frisch (3 March 1895 – 31 January 1973) was a Norwegian economist and the co-recipient of the first Nobel Memorial Prize in Economic Sciences in 1969 (with Jan Tinbergen).

Macroeconomics and Ragnar Frisch · Microeconomics and Ragnar Frisch · See more »

Tax

A tax (from the Latin taxo) is a mandatory financial charge or some other type of levy imposed upon a taxpayer (an individual or other legal entity) by a governmental organization in order to fund various public expenditures.

Macroeconomics and Tax · Microeconomics and Tax · See more »

Unemployment

Unemployment is the situation of actively looking for employment but not being currently employed.

Macroeconomics and Unemployment · Microeconomics and Unemployment · See more »