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6 Cards in this Set
- Front
- Back
- 3rd side (hint)
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Micro in greek |
Mikros |
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Macro in greek |
Makros |
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Scope of micro economics |
1- theory of product pricing 2-theory of factor pricing 3-theory of economic welfare a) efficiency in production b) efficiency in consumption c) efficiency in distribution |
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Feature of micro economics |
1-Limited scope 2-Analysis of market structure 3-Based on certain assumptions 4-Use of marginalism principle 5-Study of individual unit 6-Slicing method 7-Price theory |
Lab us²p |
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Scope of macro economics |
1 theory of income and employment 2 theory of general price level and inflation 3 theory of economic growth and development 4 macro theory of distribution |
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Feature of macro economics |
1 Study of aggregate 2 Income theory 3 general equilibrium analysis 4 interdependence 5 lumping method 6 Growth model 7 general price level 8 policy oriented |
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