Economics is divided into two categories: microeconomics and macroeconomics ... the pandemic-induced crash of spring 2020 for another example of the effect of macro factors on investment portfolios.

The need to divide economics into two categories, namely microeconomics and macroeconomics, was felt during the economic downturn that shook the world during the 1920s. Microeconomics and ...

In macroeconomics, the subject is typically a nation—how all markets interact to generate big phenomena that economists call aggregate variables. In the realm of microeconomics, the object of analysis ...

Microeconomics is the subfield of economics that studies how economic ... purchasing patterns based on how much money they make. For example, a person may buy a luxury sports car if their income ...

In macroeconomics, the subject is typically a nation—how all markets interact to generate big phenomena that economists call aggregate variables. In the realm of microeconomics, the object of analysis ...

The usefulness of these theories is shown through a number of real-life examples ... Leonard and Shirley Ely Professor of Economics, Stanford University ‘This is one of the best introductions to ...