Studant: Marcilene Macena Gomes
Module Code: ECO119
Tutour: Shaun Bisheswar
Semester 1
January 2018
Having being studding economy for the last four months I have learn a lot, made six tests and one presentation, for my last task of this semester I have being ask to answer three questions. First – in my words I have to search and show the difference between micro and macroeconomics. The second, describe the main policies instruments that a government or body can use to achieve macroeconomic objectives. And thirty to review the base rate of Bank of England between the years 2006 and 2017, all so explain why all this changes have occurred. For questions one and two I all so have to use examples to support my answers and for question three I have to make use of date on the changes in the base rate has been provided for me by my tutor. According to all my resources and make use of all I have learn this last months I will on my best answer this questions.
Firstly, to best understand the difference between Macro and Microeconomics I have to give you the definition of both of then. “Microeconomics its base in individual decisions of households and firms. Macroeconomics analyses the economy as whole (macro means big, whereas micro means small)” page 14 of the book foundations of economy. The name and theory of their self its explaining the mains difference between then, however there are many more. Microeconomics focuses in consumer behavior, individual labor markets and theory
Module Code: ECO119
Tutour: Shaun Bisheswar
Semester 1
January 2018
Having being studding economy for the last four months I have learn a lot, made six tests and one presentation, for my last task of this semester I have being ask to answer three questions. First – in my words I have to search and show the difference between micro and macroeconomics. The second, describe the main policies instruments that a government or body can use to achieve macroeconomic objectives. And thirty to review the base rate of Bank of England between the years 2006 and 2017, all so explain why all this changes have occurred. For questions one and two I all so have to use examples to support my answers and for question three I have to make use of date on the changes in the base rate has been provided for me by my tutor. According to all my resources and make use of all I have learn this last months I will on my best answer this questions.
Firstly, to best understand the difference between Macro and Microeconomics I have to give you the definition of both of then. “Microeconomics its base in individual decisions of households and firms. Macroeconomics analyses the economy as whole (macro means big, whereas micro means small)” page 14 of the book foundations of economy. The name and theory of their self its explaining the mains difference between then, however there are many more. Microeconomics focuses in consumer behavior, individual labor markets and theory