macroeconomics

Most Economics courses begin with a semester or more of Microeconomics before moving into Macroeconomics. The transition between these two distinct areas of study is less smooth than that between units in other courses, as the tools, models and terminology employed in Macro will appear completely new to most students. I find it important, therefore, to prepare new Macroeconomics students for the months ahead by introducing them to some of the differences between Micro and Macro. A teacher of mine once explained the difference between Micro and Macro using the example of a tree and a forest. Microeconomics is the … Read more