Monday, February 22, 2010
Micro or Macro?
Micro or Macro? It is not as if I am given a choice to chose between the two but my mind has been arguing over which of these super-general classification of economics I like better. Although, I hardly do think that this needs to be written but Microecon deals with individuals while macroecon, as the name suggests, deals with bigger agents such as the governments banks etc. I think that my mind has made a pretty tentative decision that I like micro better. Now why is that the case? Well, even I dont believe that the answer is much discernible but I do feel that it is much easier for me to analyze and predict situations in micro. This is definitely due to the reason that I can put myself in different scenarios and decide what I would do (and hope that I am as sane as the ubiquitous 'rational consumer'). It is easier to think of indifference curve in terms of my indifference to either Coke or Pepsi than it is to think about loanable funds and interest rates. However, it is not that I hate macro. It is just that I like micro more. But this is very tentative and I know that tomorrow, I may change my choice.
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