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Learn the Difference between Micro and Macroeconomics

Micro and Macroeconomics

Economics is the study of the economic factors of a country and that of the globe. It is broadly classified into Micro and Macroeconomics. As the terms signify, Microeconomics deals with the aspects of Economics at an individual, company or group level. Macroeconomics studies the Economics of a country as such.

Difference between Micro and Macroeconomics

Microeconomics deals with demand and supply of goods at individual level and the effects it makes upon production .It also discusses the regulations on a business. Macroeconomics deals with the same for the entire country and deals with issues like unemployment problem, inflation, fiscal policy, export and import of goods and gross domestic product of an economy. While Microeconomics deals with smaller issues at individual level, Macroeconomics deals with larger issues concerning a country’s economy.

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High School Macroeconomics Tutors for Learning Aggregate Demand and Aggregate Supply

To understand the importance of online tutoring for high school Macroeconomics, we need to know the basics of Macroeconomics like what Macroeconomics is and what the high school topics in this subject are

What is Macroeconomics?

Macroeconomics studies the behavior of the economy of a country and it deals with regional, national and global economies. It examines areas like Gross Domestic Product, rate of growth, unemployment, inflation etc

High School Macroeconomics topics

  • Aggregate Demand
  • Aggregate Supply
  • Fiscal Policy
  • GDP
  • Inflation
  • Employment and Unemployment
  • Business Cycles
  • Economic Growth and so on

What is Aggregate Demand?

Aggregate Demand

Aggregate Demand is the total demand of goods and services in an economy at a given price level and in a given duration of time. Aggregate Demand is represented by the curve (AD curve) which denotes the relation between price levels and the quantity of the outputs the manufacturers could bring forth. Its downward slope shows the demand for lower price levels and more output.

What is Aggregate Supply?

Aggregate Supply is the total quantity of goods and services that manufacturers in an overall economy decide to sell within a given period of time and at a given level of price. Aggregate Supply is represented by AS curve.

Read More : High School Economics Tutors for Acquiring High Scores in Economics Exam!

Importance of Aggregate Demand and Aggregate Supply

Aggregate Demand and Aggregate Supply are important to know the price levels and GDP. When there is an increase in the price level for the demand of goods, one could understand the level of inflation in the economy. If there is an increase in the outputs, it denotes a rise in the GDP.AS-AD model is important to measure the growth of a national economy.

High school Macroeconomics topics like AS-AD are interesting with their curves and the models based on them. They are related to inflation level, consumption, production level, interest rates and other aspects of Macroeconomics. The main thing to do is to learn these concepts with a fundamental knowledge to ace the subject. EduNiche provides tutors in Macroeconomics who could draw diagrams explaining AD-AS models on the white board and help students understand the real balance effect and interest rate effect easily and clearly. It is the dynamic support of the high school online Macroeconomics tutors one needs while learning Aggregate Demand and Supply curves.

Topics like Fiscal Policy and Monetary Policy in Macroeconomics need to be learnt with deep insights which experienced and qualified tutors online could provide with their subject expertise. EduNiche offers tutors who make this possible through lively, interactive tutoring sessions and provide homework solutions as well through their online high School Macroeconomics homework help.

Despite classroom learning, students could develop many doubts which could not be clarified at random and they need personalized care to get over their subject hassles. Online tutoring sessions on one on one tutoring basis could be the right channel to strengthen their knowledge of Macroeconomics concepts. EduNiche tutors provide the necessary confidence for students to pick up all major aspects of high school Macroeconomics without hassle and wade through their syllabus with ease.

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