SSC CGL Exam > SSC CGL Videos > SSC CGL Tier 2 - Study Material, Online Tests, Previous Year > Microeconomics and Macroeconomics
Microeconomics and Macroeconomics Video Lecture | SSC CGL Tier 2 - Study Material, Online Tests, Previous Year
|
1365 videos|1312 docs|1010 tests
|
FAQs on Microeconomics and Macroeconomics Video Lecture - SSC CGL Tier 2 - Study Material, Online Tests, Previous Year
| 1. What is the difference between microeconomics and macroeconomics? |  |
Ans. Microeconomics is the study of individual economic units such as households, firms, and industries, while macroeconomics focuses on the economy as a whole, including topics such as inflation, unemployment, and economic growth.
| 2. How do microeconomics and macroeconomics interrelate? | |
Ans. Microeconomics and macroeconomics are interconnected as they both contribute to our understanding of the overall economic system. Microeconomic decisions made by individuals and firms influence macroeconomic variables such as aggregate demand and supply, which in turn shape the microeconomic environment.
| 3. What are some examples of microeconomic concepts? | |
Ans. Some examples of microeconomic concepts include supply and demand, price elasticity of demand, production and cost analysis, market structures (such as perfect competition and monopoly), and consumer behavior.
| 4. What are some examples of macroeconomic concepts? | |
Ans. Examples of macroeconomic concepts include gross domestic product (GDP), inflation rate, unemployment rate, fiscal policy (government spending and taxation), monetary policy (interest rates and money supply), and international trade.
| 5. Why is the study of microeconomics and macroeconomics important? | |
Ans. The study of microeconomics and macroeconomics is crucial for understanding how individuals, firms, and governments make economic decisions and how these decisions impact the overall economy. It helps in formulating effective economic policies, analyzing economic trends, and making informed decisions in various sectors such as finance, business, and public policy.
Text Transcript from Video
micro versus macroeconomics
microeconomics looks at economic
problems faced by individual units
within the overall economy we will be
looking at particular individuals
families and firms let's look at some
examples of the kinds of questions that
micro economics aims to answer if Daniel
gets a raise at his job
how will this affect his consumption of
goods if the Johnson family's rent goes
up how will this affect the amount that
they save or if the price of steel goes
up what will happen to the amount of
cars that Toyota sells so when you think
micro think small macroeconomics looks
at economic problems faced by the nation
as a whole some questions that
macroeconomics aims to answer are if
households have to pay more taxes what
happens to national savings or what will
happen when we increase the money supply
so when you think macro think big
microeconomics looks at economic
problems faced by individual units
within the overall economy we will be
looking at particular individuals
families and firms let's look at some
examples of the kinds of questions that
micro economics aims to answer if Daniel
gets a raise at his job
how will this affect his consumption of
goods if the Johnson family's rent goes
up how will this affect the amount that
they save or if the price of steel goes
up what will happen to the amount of
cars that Toyota sells so when you think
micro think small macroeconomics looks
at economic problems faced by the nation
as a whole some questions that
macroeconomics aims to answer are if
households have to pay more taxes what
happens to national savings or what will
happen when we increase the money supply
so when you think macro think big
Related Exams
About this Video
|
1.3K Views |
|
4.80/5 Rating |
|
Dec 22, 2024 Last updated |
Video Description: Microeconomics and Macroeconomics for SSC CGL 2024 is part of SSC CGL Tier 2 - Study Material, Online Tests, Previous Year preparation.
The notes and questions for Microeconomics and Macroeconomics have been prepared according to the SSC CGL exam syllabus.
Information about Microeconomics and Macroeconomics covers all important topics for SSC CGL 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Microeconomics and Macroeconomics.
Introduction of Microeconomics and Macroeconomics in English is available as part of our SSC CGL Tier 2 - Study Material, Online Tests, Previous Year for SSC CGL & Microeconomics and Macroeconomics in
Hindi for SSC CGL Tier 2 - Study Material, Online Tests, Previous Year course. Download more important topics related with notes, lectures and mock test series for
SSC CGL Exam by signing up for free.
Description
Video Lecture & Questions for Microeconomics and Macroeconomics Video Lecture | SSC CGL Tier 2 - Study Material, Online Tests, Previous Year - SSC CGL full syllabus preparation | Free video for SSC CGL exam to prepare for SSC CGL Tier 2 - Study Material, Online Tests, Previous Year.
Information about Microeconomics and Macroeconomics
Here you can find the meaning of Microeconomics and Macroeconomics defined & explained in the simplest way possible.
Besides explaining types of Microeconomics and Macroeconomics theory, EduRev gives you an ample number of questions to practice Microeconomics and Macroeconomics tests,
examples and also practice SSC CGL tests.
|
1365 videos|1312 docs|1010 tests
|
|
Explore Courses for SSC CGL exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Important questions
,Online Tests
,Extra Questions
,Summary
,video lectures
,Previous Year Questions with Solutions
,ppt
,past year papers
,Online Tests
,Free
,Microeconomics and Macroeconomics Video Lecture | SSC CGL Tier 2 - Study Material
,Objective type Questions
,mock tests for examination
,Previous Year
,MCQs
,Microeconomics and Macroeconomics Video Lecture | SSC CGL Tier 2 - Study Material
,Exam
,Semester Notes
,Sample Paper
,practice quizzes
,Online Tests
,Viva Questions
,shortcuts and tricks
,Microeconomics and Macroeconomics Video Lecture | SSC CGL Tier 2 - Study Material
,study material
,Previous Year
,Previous Year
;
Study Microeconomics and Macroeconomics on the App
Students of SSC CGL can study Microeconomics and Macroeconomics alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Microeconomics and Macroeconomics,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Microeconomics and Macroeconomics is prepared as per the latest SSC CGL syllabus.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup