1.6 - Branches of Economics
Enroll to start learning
You’ve not yet enrolled in this course. Please enroll for free to listen to audio lessons, classroom podcasts and take practice test.
Practice Questions
Test your understanding with targeted questions
What does microeconomics focus on?
💡 Hint: Think about small-scale decisions.
What does macroeconomics look at?
💡 Hint: Consider large-scale economic factors.
4 more questions available
Interactive Quizzes
Quick quizzes to reinforce your learning
What does microeconomics study?
💡 Hint: Think ‘micro’ means small.
Macroeconomics is concerned with what type of analysis?
💡 Hint: Consider what ‘macro’ represents.
1 more question available
Challenge Problems
Push your limits with advanced challenges
If the government raises taxes, how might this affect micro and macro levels differently?
💡 Hint: Consider direct impacts on individuals versus wide-scale effects.
Create a diagram that illustrates the interaction between microeconomic decisions and macroeconomic outcomes.
💡 Hint: Use arrows to represent causation from small to large.
Get performance evaluation
Reference links
Supplementary resources to enhance your learning experience.