MICROECONOMICS

Vs.
MACROECONIMICS
 ECONOMICS

Micro (Small) Macro( Large)

economics economics
 MICROECONOMICS MACROECONOMICS
 is concerned with  is concerned with
the specific the economy as a
economic units. whole.
 Understanding  Focuses such
the behavior of problems as the
individual firms, role of
unemployment ,
industries, and
the changing level
households. of prices,
WHAT ARE THE BASIC
ECONOMIC PROBLEM?
1. What goods and services to
produce and how much.
2. How to produce goods and
services.
3. For whom are the goods and
services.
GOVERNMENT
AS A SOCIAL
INSTITUTION
 GOVERNMENTS
 The institution which resolves
conflicts that are public in nature and
involve more than a few people.
 as “ the institution by which an
independent society makes and carries
out those rules of actions.
3 BRANCHES OF GOVERNMENT

1.Executive branch
2. Legislative branch
3. Judicial branch
 POLITICS
• Is the pattern of human
interaction that serves to
resolve conflicts between
people, institutions, and
nations.
 ADMINISTRATION
• Refers to the aggregate of
persons in whose hands the
reigns of government are for
the time being.
WHAT ARE THE FUNCTIONS
OF GOVERNMENT?
1. The constituent functions:
 the keeping of order and providing for
the protection of persons and property
from violence and robbery;
 the fixing of the legal relations
between husband and wife, and
between parents and children;
 The regulation of the holding,
transmission, and interchange of
property, and the determination of
its liabilities for the debt or for
crime;
 the determination of contractual
rights between individuals;
 the definition and punishment
for crimes;
 the administration of justice in
civil cases;
 the administration of political
duties, privileges, and relations
of citizens; and
 the dealings of the state with
foreign growers, the
preservation of the state from
external danger.
2. The ministrant functions
 are those undertaken to
advance the general
interest of society.