Загрузил Ирина Субоч

different between micro and macroeconomics

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HR: How do you do Ms Irene and Anastasia. My name is Ann and I’m the HR-agent of
‘’GrowCompany’’. You are applying for the position of chief economist in our company, right
?
Irene: I am
Anastasia: Right
HR: Alright. Tell something about yourself and why you specifically should work here ?
Irene: I’m thirty. I have 3 higher educations. One of which is economical. I worked as
economist in “T-logical”company for 7 years. As a student I worked on my dissertation about
‘’How are prices determined in the free market”.
HR: Okey, what about you Anastasia?
Anastasia: I’m thirty five. I graduated from PSU and I got a masters degree in Economics.
After graduated I worked as an economist for three years then I was promoted to chief
economist. After 2 years I found better work with more comfortable working conditions and
higher salary, but I came here to develop myself in this company.
HR: Wow, self development is respect!
Now I want to ask you some questions about your future position. What is the difference
between macro and microeconomics?
Irene: I can answer!
The word “micro” means small, and microeconomics means economics in the small.
Microeconomics deals with the functioning of individual industries and the behavior of
individual economic decision-making units: single business firms and households.
While macroeconomics adds it all up and looks at the economy in the large.
Macroeconomics deals with economic factors such as total national output and income,
unemployment, level of price, and the rate of inflation.
HR: I can see you're great in.
This them Anastasia, What are the central components of microeconomics?
Anastasia: The central components of microeconomics are demand, supply and market
equilibrium.
HR: Irene, What about your dissertation something about prices you said?
Irene: My dissertation about demand and price. For example the law of demand describes
the relationship between the prices of a good or service and the quantity consumers
will buy. This means that all else remaining equal, more goods and services will
be sold at a lower price than at a higher price.
HR: Okey, The next question for you Irina.
Shifts in demand and supply dont affect market price, do it ?
Irene: Amm…Hm…. I think it does
Anastasia: No. You don’t right.
HR: So Irene, It's the last chance for you to answer. What is GNP?
Irene: Maybe it is Great News People!
HR: GNP is Go Now Please, Irene!
Anastasia
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