SSC CGL Exam > SSC CGL Videos > Tier 2 - Study Material, Online Tests, Previous Year > Microeconomics and Macroeconomics
Microeconomics and Macroeconomics Video Lecture - SSC CGL Tier 2 - Study
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
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