Understanding microeconomics and macroeconomics

Some economist believe that in order to really understand macroeconomics, you must first understand microeconomics. How does microeconomics relates to macroeconomics?

– What is the law of demand? Give two examples of how you have observe the law of demand at work in the “real world.” How is the law of demand related to the demand curve?

Requirements

Your assignment grade will be based on the following “Rubrics”

– APA Formatting 20% (running head, page numbering, font style & size, double spacing , margins 1″, paragraphs indents, proper and complete referencing for your references sources, references page hanging indents, in-text referencing)

– References Sources 20% (textbook, two other references from the FNU Library not the Internet)

– Originality Report 20% (70% or higher, titles and references do not count against your work)

– Content Relevancy 20% (100% relevant content to the subject matter)

– Content Volume 20% (it must be at least 200 words of writing per question)

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