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.
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.
The 2014 Budget statement from the Chancellor George Osborne was full of self congratulation. The opposition seemed somewhat dumbfounded by the impressive growth figures Osborne could point to as justification of his policies. Unfortunately for Mr Osborne the recovery appears to be fundamentally flawed. A closer look at the underlying figures reveals a far from encouraging picture. Read here to find out more.