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.