Microeconomics focuses on the behavior of individuals and firms in making decisions regarding the allocation of resources, while macroeconomics examines the economy as a whole, including issues like growth, inflation, and unemployment.
Read MoreMicroeconomics vs. MacroeconomicsEconomic models provide theoretical frameworks that help economists analyze and predict the behavior of economies, offering insights into various market dynamics and policy implications.
Read MoreEconomic Models: Theoretical FrameworksKeynesian Economics is an economic theory advocating for increased government expenditures and lower taxes to stimulate demand and pull the global economy out of recession, emphasizing the role of government intervention in economic stability.
Read MoreEconomic Policies: Keynesian Economics