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interact in markets
The field of economics is traditionally divided into two broad subfields.
Microeconomics is the study of how households and firms make decisions and macroeconomics
how they interact in specific markets. Macroeconomics is the study of economy- the study of economy-wide
wide phenomena. A microeconomist might study the effects of rent control on phenomena,beats by dre discount, including inflation,chi flat iron discount,
housing in New York City, the impact of foreign competition on the U.S. auto in- unemployment,discount chi flat irons, and economic
dustry,new beats by dr dre, or the effects of compulsory school attendance on workers' earnings. A growth
28 PA R T O N E INTRODUCTION
macroeconomist might study the effects of borrowing by the federal government,
the changes over time in the economy's rate of unemployment,cheap san jose sharks jerseys, or alternative poli-