Micro Vs. Macro Economics

This video explains the difference between micro and macro economics as explained by neo-classical economics. The Austrians would argue that there is no real difference between the two, and I tend to agree with them.

Category:

Education

Tags:

• Micro
• macro
• economics
• micro vs macro economics
• inflation

[larenal27]

Only one thing: The size does NOT matter. Toyota is a HUGE firm, but only an individual firm.

[lukebessey]

@larenal27 When I say small I am not talking about the number of people involved in the operation. I actually use Toyota as an example when talking about micro. Small relates to the scope of the operation. When the activity is only affecting one entity it is considered micro (lazy explanation). Thanks for posting!

[chopseh]

Macro is base expansion, micro is stiming your marines.

[ooker777]

@chopseh that's starcraft lol. Are u SCI or II?

[lukebessey]

@ooker777 I am SCII, you can find me, username Streable. Cheers!

[lukebessey]

@chopseh Recently I have thought a lot about using SC footage to teach kids economics. It would definitely keep them interested :)

[TheCapitalistdog]

Great video production, and a nice clear description!

I also agree with the Austrians, like you say in your description.

There is no Microeconomics and Macroeconomics, there is just Economics, which is fundamentally, the science of human action.

[JiubTheSaint]

a simple and efficient video. good job.

[TheResidentSkeptic]

"There's no such thing as macroeconomics!" - Some creationist

[FOITITESOIKONOMIKON]

I have never seen such a simply reference to the economic meenings....Micro is small,Macro is BIG.....Ok...

[zubinkhanz]

Thankq