Week 1: Macro vs. Micro
Video:Circular Flow Diagram and Micro vs. Macro
http://www.youtube.com/watch?v=EzSGF3I3w_Q
Rating: 4 stars (out of 5)
This video was in a classic classroom setting with an instructor and a white board. I find this setting to be boring but also easy to follow. In this 5 minute video, only one minute was dedicated towards describing the difference towards macroeconomics and microeconomics. Although brief, the instructor did provide good definitions of both macro and micro and also offered several examples of each. The instructor defined microeconomics as individual markets and macroeconomics as aggregate activity. I find that it is easier to think of macroeconomics as the economy as a whole. Throughout the last semester in class we have gone over aggregate supply and demand which accurately according to her, falls under macroeconomics. Her brief description goes along with what we have been covering in class and was easy to understand which is why I gave the video 4 out of 5 stars.
Video:Circular Flow Diagram and Micro vs. Macro
http://www.youtube.com/watch?v=EzSGF3I3w_Q
Rating: 4 stars (out of 5)
This video was in a classic classroom setting with an instructor and a white board. I find this setting to be boring but also easy to follow. In this 5 minute video, only one minute was dedicated towards describing the difference towards macroeconomics and microeconomics. Although brief, the instructor did provide good definitions of both macro and micro and also offered several examples of each. The instructor defined microeconomics as individual markets and macroeconomics as aggregate activity. I find that it is easier to think of macroeconomics as the economy as a whole. Throughout the last semester in class we have gone over aggregate supply and demand which accurately according to her, falls under macroeconomics. Her brief description goes along with what we have been covering in class and was easy to understand which is why I gave the video 4 out of 5 stars.
