https://padlet.com/connordoyle924/snq4jnet04ko Made for my GNED class en-us 2019-03-30 15:43:20 UTC 2023-03-29 21:35:50 UTC hello@padlet.com connordoyle924 https://padlet.com/connordoyle924/snq4jnet04ko/wish/346788911 https://www.investopedia.com/ask/answers/difference-between-microeconomics-and-macroeconomics/

This website right here is a great example about what the difference between microeconomics and macroeconomics. This website is set up into 3 different sections, an overview of the two topics, what microeconomics are and what macroeconomics are. Some of the key takeaway's I received from this website were microeconomics focus on individuals and business decisions while macroeconomics focus on the bigger picture by analyzing countries and government. I also took away that microeconomics main focuses are on a bottom-up approach which mean they focus on stuff like supply and demand and other forces that determine price levels. Macroeconomics is a top-down approach and focuses on the economy as a whole.

I found this website useful because it gave me a really good understanding of what each topic meant and what the difference between them were.]]> 2019-03-30 15:44:44 UTC https://padlet.com/connordoyle924/snq4jnet04ko/wish/346788911 connordoyle924 https://padlet.com/connordoyle924/snq4jnet04ko/wish/346789187 What you can expect from this Padlet is to to learn all of the general knowledge and examples about what is Microeconomics and Macroeconomics, as well as to what the main differences are between the two. It will give you a good understanding throughout 4 websites, 4 videos and 2 pictures. ]]> 2019-03-30 15:47:38 UTC https://padlet.com/connordoyle924/snq4jnet04ko/wish/346789187 connordoyle924 https://padlet.com/connordoyle924/snq4jnet04ko/wish/346790940 https://inomics.com/insight/microeconomics-vs-macroeconomics-which-class-should-i-take-first-1114178

This second website I chose was very similar to the first one but the difference between the two was this one discussed from an individual perspective which was the better of the two to study first to get a better understanding of the other one. This website said that it doesn't matter what class you take first as you should make sure you have a great understanding of both topics before choosing to specialize in one. Both topics are so different, that it doesn't what topic you choose first but what it was trying to explain was, know both before you specialize in one.

I chose this website because I thought it was useful information for all inspiring economists to understand about the topic of micro and macro economics before trying to specialize in a field similar to this.]]> 2019-03-30 16:03:44 UTC https://padlet.com/connordoyle924/snq4jnet04ko/wish/346790940 connordoyle924 https://padlet.com/connordoyle924/snq4jnet04ko/wish/346792887 https://www.enotes.com/homework-help/what-example-microeconomics-1127485

This website I chose talks about real life examples of microeconomics. The example it gave was a family planning a trip to Disney World. It talks about how a family plans its money out for the trip by how much money they have currently or what they could have in the future They have to consider factors of cutting back on purchases such as groceries, clothes, cars etc. It really focuses on trade offs for individuals which is one of microeconomics main focuses.

I chose this website so the readers could get a good understanding of what microeconomics is like in real life]]> 2019-03-30 16:22:59 UTC https://padlet.com/connordoyle924/snq4jnet04ko/wish/346792887 connordoyle924 https://padlet.com/connordoyle924/snq4jnet04ko/wish/346793069 This is a picture of what the difference between micro and macro economics. These are probably the 4 main differences for both topics.

I chose this picture because this should give viewers a good representation of the main differences between micro and macro economics.]]> 2019-03-30 16:24:45 UTC https://padlet.com/connordoyle924/snq4jnet04ko/wish/346793069 connordoyle924 https://padlet.com/connordoyle924/snq4jnet04ko/wish/346795217 https://www.investopedia.com/terms/m/macroeconomics.asp

This website focused on macroeconomics and real life examples of macroeconomics. Macroeconomics focuses on unemployment rates, GDP and price indices and then analyze all of that data and determine how different sectors of the economy relate to each other to figure how the economy is working and what is not working. Macro economists create diagrams to figure out relationships between many different categories such as inflation, savings, etc.

I chose this website because it gives readers a good idea of what macroeconomics by give examples of what they do. This is also a great website because it was very straight forward and easy to understand everything on it.  ]]> 2019-03-30 16:45:19 UTC https://padlet.com/connordoyle924/snq4jnet04ko/wish/346795217 connordoyle924 https://padlet.com/connordoyle924/snq4jnet04ko/wish/346796974 https://www.youtube.com/watch?v=wvwgIiP4gjY

This video right here is a great example of what the difference between micro and macro economics are. It talks about how Microeconomics focuses mainly on individuals and individual businesses and how macroeconomics focus on the bigger picture of everything and focuses on the global economy, government and everything else related to that. It talked about how microeconomics had more of a bottom-up approach and how macroeconomics had more of a top-down approach to everything. 

I thought that this video was useful because it gave a really good overview of what the difference between micro and macro economics are. It also gave a good overview of the relations that they share between each other]]> 2019-03-30 17:00:03 UTC https://padlet.com/connordoyle924/snq4jnet04ko/wish/346796974 connordoyle924 https://padlet.com/connordoyle924/snq4jnet04ko/wish/346798960 https://www.youtube.com/watch?v=MKO1icFVtDc

Now this video is 30 min long so I didn't watch the whole thing but I watched the first 15 min of it and I learned some new key terms and how they relate to macro economics. It was showing examples of how opportunity cost relates to macroeconomics and what it represents as a whole. This video talked about economic systems and how they relate to macroeconomics and how macroeconomics works throughout the whole system. It mainly focused on the supply and demand aspect of it. This video discussed many great relating topics towards macroeconomics.

This was a great video because its main focus was on macroeconomics so it really went in depth with the whole topic and shied away from the microeconomic side of things ]]> 2019-03-30 17:18:02 UTC https://padlet.com/connordoyle924/snq4jnet04ko/wish/346798960 connordoyle924 https://padlet.com/connordoyle924/snq4jnet04ko/wish/346800654 https://www.youtube.com/watch?v=1UxA6JzoT-4

This video talks about microeconomics and focuses directly on that. This video was done by the same guy who did video #2 and this one was also 30 min long so I only watched the key points of it. This video focused on stuff like supply and demand, same as the macroeconomic video but this one focused on the individual and business aspect of things. This video talked about elastic demand and its main focuses on the individual and business side of things. This video also discussed trade and how individuals and businesses use this to save money, etc.

I chose this video because it was done by the same guy who did the macroeconomics. It was very straight forward and easy to understand what he was discussing at all times.]]> 2019-03-30 17:34:52 UTC https://padlet.com/connordoyle924/snq4jnet04ko/wish/346800654 connordoyle924 https://padlet.com/connordoyle924/snq4jnet04ko/wish/346802241 https://www.youtube.com/watch?v=qTNxSg6GHVA

The video that I chose here focused on the meaning, relationship and difference between micro and macro economics. For purposes of learning what the meaning and differences already were I decided to only watch the relations between the two during this video. It discussed how microeconomics and macroeconomics are so different from each other but focus on the same thing, the economy. It talks about how the micro decisions of individuals/businesses depend on whether the macro economy is healthy. It gave an example saying that individual businesses are more likely to higher new employers as long as the overall economy is growing which is the biggest relation between the two.

I chose this video because I covered the differences and meanings of both so I figured that I should covered the relations and I liked the way he presented his information.]]> 2019-03-30 17:44:45 UTC https://padlet.com/connordoyle924/snq4jnet04ko/wish/346802241 connordoyle924 https://padlet.com/connordoyle924/snq4jnet04ko/wish/346803127 This picture shows the meanings of micro and macro economics. It discusses the concerns of both topics, the focus and shape of both.

I chose this picture because it gives a really good overview of everything you need to know about micro and macro economics.]]> 2019-03-30 17:54:53 UTC https://padlet.com/connordoyle924/snq4jnet04ko/wish/346803127 connordoyle924 https://padlet.com/connordoyle924/snq4jnet04ko/wish/346803588 What I learned about my topic that surprised me the most was how often we deal with microeconomics on the daily especially being a college student. I'm also checking my money making sure I have enough to last me the rest of the year etc., things like that.]]> 2019-03-30 17:59:35 UTC https://padlet.com/connordoyle924/snq4jnet04ko/wish/346803588 connordoyle924 https://padlet.com/connordoyle924/snq4jnet04ko/wish/346804103 I kinda answered this in the last question but on an everyday bases I'm constantly checking my funds and planning for the future making sure I have enough money to get me through the school year.]]> 2019-03-30 18:05:05 UTC https://padlet.com/connordoyle924/snq4jnet04ko/wish/346804103 connordoyle924 https://padlet.com/connordoyle924/snq4jnet04ko/wish/346804403 I think the most important information to pass on is talk about the main concepts of microeconomics because this is the main area they will be dealing with in there life. Unless they are going into federal politics they need to know about microeconomics because they focus on an individual basis.]]> 2019-03-30 18:07:49 UTC https://padlet.com/connordoyle924/snq4jnet04ko/wish/346804403