Microeconomics doesnвЂ™t _ with the questions of output distribution. Microeconomics deals with _ industries.ДЄ household can be considered as an _ Many social philosophers were trying to solve a questions of _ What would you do to cope with inequality?Д®conomics studies a wide _ questions. Which issue of economics is of great importance to philosophers and why? What do micro- and macroeconomics deal with? Which two main divisions of economics do you know? Why, do you think, some people are poor and others are rich? To what branch of science does economics belong to?Дoes economics have deep roots in social philosophy? Macroeconomics, in its turn, deals with the functioning of national economic complex and the behaviour of the main classes and social groups.Д®xercise 5. Why? What is going on in all those buildings? It is easy to see that understanding individual micro decisions is very important to any understanding of your society. Somebody decided to construct roads, build the housing, produce the cars, knit the shirts, and smoke the bacon. Why do we have poverty? Who is poor? Why do some jobs pay more than others? Why do teachers or plumbers get paid for what they do? Think about all the things we consume in a day on the scale of a town, a whole country.

Wealthy households get more output then do poor households, and the forces that determine this distribution of output are outside the scope of microeconomics. The choices of firms about what to produce and how much to charge and the choices of households about what to buy and how much of it to buy help to explain why the economy produces the things it does.ДЄnother big question that microeconomics addresses is who gets the things that are produced. Macroeconomics explores the decisions that individual businesses and consumers make. Microeconomics deals with the functioning of individual industries and the behaviour of individual economic decision making units: single business firms and households. If you want to get quick idea of what economics studies, you should explore briefly the way economics is organized.ДЇirst of all, there are two major divisions of economics: microeconomics and macroeconomics. Why are some people rich and others poor, and whatever the answer, is this fair? A number of nineteenth century social philosophers were trying to solve these questions and out of their speculations a separate discipline was born, namely economics.

An issue of great importance to philosophers, for example, is distributional justice.

In fact, it deals with all these subjects but they are parts of a much larger system.Д®conomics has deep roots in and close ties to, social philosophy. Others think that economics deals exclusively with problems like inflation and unemployment. Some think that economics will teach them about the stock market, or what to do with their money. Most students who take economics for the first time hardly can imagine the range of questions which this science studies. Like the natural sciences and other social sciences, economics attempts to find laws and principles of economic functioning of society. Economics is a social science studying economy.

Stereology is the study of what