Some Remain voters in the EU referendum have claimed that Leave voters were “too stupid” to understand the economic argument for remaining in the EU. But what if they have failed to understand the economic reasons for leaving? We explore some of those reasons here.
What are the pros and the cons of globalization? What is it and how does it affect our economy, culture and political landscape? Here, in very broad economic terms, we talk about how globalization presents all of us with some fantastic opportunities. We also look at some of the pitfalls and the safeguards needed to ensure that globalizations isn’t a force for ill. Check it out you hoopy froods.
In Part 4 of this 4 part series we look at the difference between micro and macro economics and the problems that traditional analysis overlooks. By failing to account or he activities of the top 1% economic elite and by failing to understand the monetary system we show why classical micro and macro economic analysis is flawed.
Part 3 of 4: the Difference Between Micro and Macro Economics – We look at macro economics in more detail and consider the impact of GDP, inflation and unemployment upon an economic system. We also start to look at potential pitfalls with this model.
In Part 2 of this 4 part series we look at the difference between micro and macro economics in more detail. We focus upon micro economics here and consider the impact of individual elements within an economy and the meaning of opportunity costs and utility in economic terms.
To understand why we need economic change we need to know the difference between micro and macro economics. In Part 1 of this 4 part series we look at how our broad understanding of micro and macro economics allows many to interpret what is going on in the economy.