Top Banner

Click here to load reader

of 57

Definitions and diagrams

Nov 12, 2014

Download

Documents

12philha

 
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
  • 1. IB HL Economy Year 1
    Hannah Phillips
    Diagram and Definition

2. Economy
Economics is the study of how scarce resources are or should be used.
3. Section 1
Introduction
4. Microeconomics
Microeconomics is the study of the behaviour of individual markets
Macroeconomics

  • Microeconomics is the study of how the economy as a whole works.