Monday, December 28, 2009

Microeconomic and Macroeconomic

Okey let’s start our lesson economy is divided into 2 different approach in the macroeconomic & microekonomi.two approach based on modern economic theory.
Adam Smith is usually considered the founder of the field micro economics,The branch of economics wich today is concerned with the behavior of individual entities such as markets,firms,and household.In the Wealth of nations(1776),Smith considered how individualprice are set,studied the determination of price of land,labour,and capital,and inquired into the strength and weaknesses o0f the market mechanism.Most important,He identified the remarkable efficiency properties of markets and saw that economic benefit comes from the self.Interested actions of individuals ,These remain important issues today,And while the study of micro economics has surely advanced greatly since Since Smith day, he is still cited by politicians and Economics alike.
The other major branch of economic subject is Macro economics,Wich is concerned with the overall performance of the economy.Macro economy didn’t even exist in it’s modern form until 1936,when Keynes publish his general theory of employment interest and in general theory of employment interest and money.At the time ,England and United States were still stuck in the great depression of the 1930s.With over one-quarter of the American labor force unemployed .In his new theory Keynes developed an analysis of what causes business cycles,with alternating spells of high unemployment and high inflation.Today macroeconomics examines a wide variety of areas,such as how total investment and consumption are determined,how central bank manage money and interest rates,What causes international financial crisis,And why some nations grow rapidly while other stagnanate.Although macroeconomics has progressed far since his first in sights,The issues addressed by Keynes still define the study of macroeconomics today.
The two braches-microeconomics and macroeconomics converge to form the core of modern economics.

Sunday, December 20, 2009

economy-ism introducing


halo this is my first blog in wich there are several economic articles.I hope this blog can help you for studying an economic lesson.there is several topic wich I try to tell& discuss in this blog as microeconomic,macroeconomics and also capital market and portopholio here.I hope this blog can be useful for you for studying economy lesson.only that i want to write and see you soon on my articles of economy next.