Tuesday, December 1, 2015

Economics

First, I must admit that economics is a strand of Social Studies that I have very little knowledge of. When we were given the assignment, I was nervous about how I was going to present my topics to the class. After doing much-required research, I realized how important it is for teachers to educate students on economics. Why? Because students grow up to become adults like myself who cringe at the topic of economics. I had the topics of microeconomics and macroeconomics which sound similar but are very different and similar. Here are two images to get a sense of what each concept involves. 
Microeconomics involves individual labor market and, of course, supply and demand. 
Macroeconomics involves economic growth, globalization, and international trade.
Overall, this assignment was interesting and I learned new information on economics.

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