Week 1 Assignment (Assessment for CLO #1)

It is time to assess your proficiency on course learning outcome #1: Differentiate between microeconomics and macroeconomics.
Briefly stated, microeconomics is about individual decision makers, whereas macroeconomics is about

the aggregate effect of all decision makers. However, this simple distinction does not adequately

describe how macroeconomics differs from microeconomics. For this assignment you need to identify

and describe three differences between macroeconomics and microeconomics.

For each of the three examples, give one of the following to help illustrate the difference between

microeconomics and macroeconomics:
• the type of question that an economist might ask in macroeconomics as opposed to

• the data that might be collected by a macroeconomist
• the type of decision that must be made at a macroeconomic level
A good essay would have at least 100 words for each part of this assignment (at least 300 words

total). In addition, it should be written well using correct grammar. Please submit your responses

in a cohesive essay via a Microsoft Word document here.

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