Economics

Traditionally, the revision of economics includes two major disciplines:

Macroeconomics, which is the study of business forces on a

1. National or global level

2. Microeconomics, which is the study of the business dynamics that influence economic performance on a rigid level. The first part of this chapter presents a discussion of key concepts in macroeconomics, and describes how managers can use this in sequence to make better business decisions. The second part of this chapter present and explains key concept in microeconomic theory, and then concludes with a conversation of microeconomic business analysis.