Tutor profile: Jake K.
What is the number one thing you should always consider when thinking about Microeconomics?
How does this situation effect firms. How do these variables in this specific example, effect firms in the short run, the medium run, and the long run.
When studying Macroeconomics, who are we focused on?
We are focused on the economy as a whole. Not specific firms or corporations, but the economy as a whole. Thing of the economy as a forrest, we are focusing on the entire forrest as a whole, not one specific tree.
When it comes to basic finance, what is the most important aspect that you should consider?
Maximizing your personal wealth. That is all basic finance is about, finding the variable that effect how you can maximize your personal wealth, and how we can influence those variable to better your life for the future.
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