Microeconomics and Macroeconomics by Enoch Bokotomba https://padlet.com/enochb613/188dq3af2b0gf1d Made by Enoch Bokotomba en-us 2020-12-09 03:26:40 UTC 2020-12-09 03:56:51 UTC hello@padlet.com enochb613 https://padlet.com/enochb613/188dq3af2b0gf1d/wish/1000844400 Hello everyone and welcome to my tablet for my chosen topic. I would firstly like to thank you for taking the precious time out of your day to read through my padlet. As you may already have an idea based on the title, the topic I have chosen to conduct research and observation is microeconomics vs  macroeconomics. Content on this padrlet will be covering th meaning, differences and relevance it has in today’s world.

]]> 2020-12-09 03:28:21 UTC https://padlet.com/enochb613/188dq3af2b0gf1d/wish/1000844400 Video 1 enochb613 https://padlet.com/enochb613/188dq3af2b0gf1d/wish/1000845436 I chose this video I personally chose this video amongst the many videos about this topic simply because I believe it is presented in a manner which it is quite easy enough for people to understand about the terms without confusing the viewer with too much depth information but it gives a clear explanation in a broad manner. The link to this video is posted underneath so feel free to check it out.

 

]]> 2020-12-09 03:29:07 UTC https://padlet.com/enochb613/188dq3af2b0gf1d/wish/1000845436 Video 2 enochb613 https://padlet.com/enochb613/188dq3af2b0gf1d/wish/1000848533 This video is found in youtube and the channel is called the Organic Chemistry Tutor. This video briefly covers the meaning and differences between microeconomics and macroeconomics by going into a little bit more depth comparing to Video 1 as it covers more on the application of the concepts in real possible real life scenarios involving business management and their clients.

I chose this video because it covers more on the application aspect of the concept by giving reasonable, logical examples which ultimately helps the viewer seeking better understanding on it.

 

]]> 2020-12-09 03:31:19 UTC https://padlet.com/enochb613/188dq3af2b0gf1d/wish/1000848533 Video 3 enochb613 https://padlet.com/enochb613/188dq3af2b0gf1d/wish/1000851829 This video is another that goes in more depth in explaining the concept of microeconomics by also explaining other concept that are closely related and applicable to microeconomics. The video spoke about opportunity cost , law of demand and supply as well as equilibrium which are all concept that we have covered throughout this semester of study.

I chose this video because although the man in the video covers other concepts but he properly explain relates them in a way that sort of gives the viewer a more clear bigger and more detailed picture of microeconomics rather than just broad. I believe this video is a reliable video for anybody looking to learn more about it in a higher level such as us college students.

]]> 2020-12-09 03:33:37 UTC https://padlet.com/enochb613/188dq3af2b0gf1d/wish/1000851829 Video 4 enochb613 https://padlet.com/enochb613/188dq3af2b0gf1d/wish/1000852344 Here is a very I found that explains about microeconomics and macroeconomics but rather more about the past history of involving commonly known historical moments such as the great depression  and relating it in comparison to the country of Greece as it mentions the statistical fact that it has had a decrease of GDP for six straight years which this recession is equivalent to the recession during the great depression. Also, it also gives insight on the terms and meaning of GDP as well as the insight from the view of an economist in explaining their common goals. 

I chose this because it outlines more on the history of economics itself as a whole which contributes to gaining knowledge on this concept.  The video is not too long and can be checked out my clicking the the link below.

]]> 2020-12-09 03:34:00 UTC https://padlet.com/enochb613/188dq3af2b0gf1d/wish/1000852344 Website 1 enochb613 https://padlet.com/enochb613/188dq3af2b0gf1d/wish/1000858318 This is the first article I chose and it explains the concept, and the difference between micro and macroeconomics. However, the thing that interests me the most is the explanation on the effect both have between or against each other stating emphasizing that the condition of the microeconomy is one of the many factors that ultimately determines the policies from a macroeconomic view put in place. The article further emphasizes this using an example of the national bank cutting out interests’ rate. 

]]> 2020-12-09 03:38:09 UTC https://padlet.com/enochb613/188dq3af2b0gf1d/wish/1000858318 Website 2 enochb613 https://padlet.com/enochb613/188dq3af2b0gf1d/wish/1000859767 This article gives a statistical view on the overall, macroeconomic records of development as of the recent years. It specifically shows a set of data with different categories showing Canada’s long economic history. It is mentioned that  Canada’s economy was rated fully free and has had a great GDP growth rate averaging 1.9 percent over the past five years. 

I chose this because I particularly like statistics so reading this was quite enjoyable also which I believe is the more important reason is simply because as a citizen of Canada I believe it is important to know at least a few macro economical stats here and there just to have an idea of how the country is doing which affects us overall as a nation. So in case you are like me in this sense feel free to read it for yourself. It is posted below.

]]> 2020-12-09 03:39:08 UTC https://padlet.com/enochb613/188dq3af2b0gf1d/wish/1000859767 Website 3 enochb613 https://padlet.com/enochb613/188dq3af2b0gf1d/wish/1000861747 Here is another great article I found and chose to include in this padlet which is designated specifically for Canadian data.  Now the sort of information included in the article revolves around the same as the last one which is mostly statistical overview of current data for the impact the COVID-19 pandemic has had on Canadian businesses. This pandemic has caused sudden and drastic changes to our country’s economy mostly in a negative way and this is what the article emphasizes. It states that small firms/businesses were the ones that were hit the hardest by the COVID-19 19 causing a declanation of 9.4. The reason for choosing this article was because I already knew the pandemic has had negative effects but I did not really know the micro economical stats and numbers on the impact so this article really gave me a bigger picture on the real effects of the virus. I find this article quite interesting and I believe you will too. Here is the link for the website.

 

]]> 2020-12-09 03:40:29 UTC https://padlet.com/enochb613/188dq3af2b0gf1d/wish/1000861747 Website 4 enochb613 https://padlet.com/enochb613/188dq3af2b0gf1d/wish/1000863247 This is another website I chose that revolves around Canadians particularly immigrants. The article explains the existing and potential problems immigrants may face as a results of microeconomic decision. It does this by analyzing the difficulty that  immigrants have in assimilating into the Canadian labour market with supports of statistics and data. I chose this article because although I am not an immigrant but I know plenty of people who are including my parents, and quite a few of them have  explained to me issues and adversity they have faced which are coincidently related to some of the information stated in the website. This really interests me as it gives me a different outlook on the various ways the economy hs resulting into different outcomes. The link leading to the website is found below.

]]> 2020-12-09 03:41:32 UTC https://padlet.com/enochb613/188dq3af2b0gf1d/wish/1000863247 Image 1 enochb613 https://padlet.com/enochb613/188dq3af2b0gf1d/wish/1000865249 A lot of time depending on what I am studying or trying to learn I often come to realize that for me personally I tend to understand and grasp the material much efficnetly and easier when it is represented in its most clear simplest form and that is what I believe this image does a great job of doing. Both microeconomics and microeconomics can seem confusing to some people but a drawing such as this helps a lot as it is straightforward.]]> 2020-12-09 03:42:53 UTC https://padlet.com/enochb613/188dq3af2b0gf1d/wish/1000865249 Image 2 enochb613 https://padlet.com/enochb613/188dq3af2b0gf1d/wish/1000871977 This image represents the connection and overlap of both types of economics revealing their differences and common ground.]]> 2020-12-09 03:47:29 UTC https://padlet.com/enochb613/188dq3af2b0gf1d/wish/1000871977