Principles of Microeconomics / Unit 1 MIC 0008 short lesson, about 20 seconds
Microeconomics Against Macroeconomics
Captions available
The idea
Microeconomics studies individual decision makers, households, workers and firms, and the markets where they meet. Macroeconomics studies the economy as a whole: output, unemployment, inflation.
In practice
Why concert tickets cost so much is micro; whether output is rising is macro.
Where people slip
The two are not rivals: every macro total is the sum of millions of micro choices, and this course stays micro.
Your place on the trail
Every lesson rests on earlier ones and opens later ones. Tap any to jump.
Builds on
Unlocks
- Nothing yet depends on this.
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