give two examples of microeconomic and macroeconomics studies?
Examples of Microeconomics Studies
1. Study of a shoe-making firm; how it makes production decisions, how it decides how much labour and capital units must be combined, etc.
2. Study of how a consumer makes his or her consumption decisions
Examples of Macroeconomics Studies
1. Study of general price level and its trends
2. Study of aggregate demand and aggregate supply of an economy