Tutor profile: Pawan S.
How is an economic decisions better than an accounting decision ?
An accountant only considers the money transaction that can be recordered in book- keeping while making decision based on accounting analysis but economists considers several other opportunity costs apart from accounting transactions to make decisions . Therefore an economists make better decisions than an accountant.
If someone ask you , why do you want to study macroeconomics?
Macroeconomics deals with aggregate economic variables and these variables help an economists to make policy at national level
Why do people study microeconomics?
To make the best decision by using the resources at optimal level