About This Lesson
A bird's eye view to the study of economics for beginners.
In general, we are concerned with the details in microeconomics. The focus is always ONE consumer, ONE household, ONE firm or ONE industry. In microeconomics, think small.
In macroeconomics, we are concerned with the big picture. We want to know when different players (consumers, firms, government and foreign sectors etc) interact, how do they affect the national economy in general? In macroeconomics, think big.
