rolave23

@rolave23 (2)

Philippines • Age 35

Joined myLot 12 years ago

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rolave23's Activity

Which comes first Microeconomics or Macroeconomics?

socballais @socballais (71) • Philippines 12 Sep 12

Is it possible to venture into Macroeconomics without studying Microeconomics? Is Microeconomics a prerequisite course before studying Macroeconomics?

60 responses

rolave23 For me, it is possible to venture into macroeconomics without studying microeconomics because just like when you have identified the main problem(macroeconomics), you would think of the reasons(microeconomics) why you have that. So you would think of the...

22 Sep 12

Economic development or Economic Growth?

socballais @socballais (71) • Philippines 12 Sep 12

Countries around the world benchmark their economic performance by the amount of the Gross National Product (GNP) that they attained. The higher the GNP, the higher is the economic growth. Is economic growth equated with economic...

59 responses

rolave23 I would prefer economic development because when the wealth of the economy increase, it does not necessarily follow that the welfare of the people, especially the poor masses, has been improved. Same goes when a nations economy is growing but if its population...

22 Sep 12