Microeconomics Unit 1 Obj 2D & E

Front 1

Intro to Economics Video

Back 1

https://www.youtube.com/watch?v=8JYP_wU1JTU&feature=youtu.be

Front 2

Activity

Back 2

In this unit, you have studied the difference between microeconomics and macroeconomics. Now, try to apply this knowledge by completing this activity from the textbook. Below is a list of things that affect the economy. Decide which of these should be categorized as microeconomics and which would be macroeconomics. Post your response to the discussion board along with any questions you have for your instructor on microeconomics vs. macroeconomics.

• The impact of higher oil prices on the production of steel
  
• The increased demand in the last 15 years for exotic dietary supplements
  
• The surge in aggregate economic activity that hit much of Asia late in the early 2000s
  
• The sharp increases in US employment and total output that occurred between 2003 and 2007
  
• The impact of preservation of wilderness areas on the logging industry and on the price of lumber
  

Front 3

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Back 3

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