Macroeconomics and Microeconomics
Hakim Kesi
Wiki User
∙ 12y agomicro and macro economics
The two subfields of economics are positive statements and normative statements.
Macro-economics and micro-economics are these two divisions.
Microeconomics and macroeconomics is the two division of economics.
Ranger Frisch coined these two terms in 1933.
In a beginning course in economics, which I've taught by the way, students would that economics is broken into to two main areas. One is called 𝘮𝘪𝘤𝘳𝘰𝘦𝘤𝘰𝘯𝘰𝘮𝘪𝘤𝘴 and the other is called 𝘮𝘢𝘤𝘳𝘰𝘦𝘤𝘰𝘯𝘰𝘮𝘪𝘤𝘴. Basically, one looks at the smaller picture while the other looks at the larger picture.
The two subfields of economics are positive statements and normative statements.
Microeconomics and macroeconomics.
International security and international economy
subfields
Macro-economics and micro-economics are these two divisions.
They did not agree on war and Economics.