Table 1.1: Microeconomic Versus Macroeconomic Questions
Microeconomic QuestionsMacroeconomic Questions
Should I go to college or get a job after high school?How many people are employed in the economy as a whole this year?
What determines the salary that Citibank offers to a new college graduate?What determines the overall salary levels paid to workers in a given year?
What determines the cost to a high school of offering a new course?What determines the overall level of prices in the economy as a whole?
What government policies should be adopted to make it easier for low-income students to attend college?What government policies should be adopted to promote employment and growth in the economy as a whole?
What determines the number of iPhones exported to France?What determines the overall trade in goods, services, and financial assets between the United States and the rest of the world?