Reference no: EM131355234

Microeconomics class

Economic Sciences

Instructions:

The transformation of society in the last fifty years in terms of economic sciences has been increasing thanks to technological advances such as the Internet, for example, and the willingness of economic people to know the things around them; So that more and more often, they prepare academically. This allows them to obtain the necessary tools to understand the events that affect us as a society. However, the economic sciences, not being an exact science, can create uncertainty and distrust due to the disinformation of different types to which they are exposed.

Based on the above, consider the following and explain it in a homework:

Will have any importance what the individual understands about these economic theories? Explain.

To respond, consider the following:

• It includes the definition of economics, microeconomics and macroeconomics.
• Compare economic science with other disciplines like engineering, accounting and medicine.
• It indicates which are the uses of the economy and how it can explain everyday situations (example, how does the economy explain the change in prices of goods and services? why do we pay more for some of the goods or services today? Those who used to pay less?).