Question

Give three examples each about microeconomics and macroeconomics?

Answer 1

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EXAMPLES OF MICRO ECONOMICS :-
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1. CONSUMER BUYING BEHAVIOUR OF MOBILE PHONE

2.BUSINESS DECISION ABOUT PRICING A PRODUCT

3. BUSINESS DECISION ABOUT THE COST OF THIS MOBILE PHONE

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EXAMPLES OF MACRO ECONOMICS :-
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1. AGGREGATE DEMAND

2. AGGREGATE SUPPLY

3. INFLATION

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Answer 2

The topics that are covered in microeconomics include: Consumer behavior (decision making, utility maximization) Profit maximization of firms. Supply and demand (for individual markets). Macroeconomics studies the behaviour of aggregates of the economy as a whole, i.e it deals with the problems faced by the economy as a whole, and not just by an individual unit. Two examples of macroeconomics are-

1)Calculation of National Income
2)Determination of equilibrium level of output and employment.

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