Social Sciences and History / Unit 13 SSH 1202 short lesson, about 20 seconds
Micro Against Macro; Fiscal Against Monetary
Captions available
The idea
Microeconomics focuses on the parts of the economy: individuals, firms, industries. Macroeconomics looks at the whole, pursuing growth, low unemployment and low inflation, through two kinds of policy: monetary policy, interest rates, credit and borrowing, and fiscal policy, government spending and taxes.
In practice
The circular flow: households and firms, goods market and labor market.
Where people slip
Units 14 and 15 carry macro.
Your place on the trail
Every lesson rests on earlier ones and opens later ones. Tap any to jump.
Builds on
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