Macroeconomics vs. Microeconomics
Economist and author Steven Levitt talks about microeconomics, macroeconomics and accidental experiments.
Description
Economist and author Steven Levitt talks about microeconomics, macroeconomics and accidental experiments.
Bell Ringer Assignment
- How does Steven Levitt explain the difference between macroeconomics and microeconomics?
- What is the cornerstone of the scientific method? Why do economists struggle to use this type of process?
- What does he mean by an “accidental experiment”?
Additional Resources
Participants
Vocabulary
- Aggregate
- Double-blind Study
- Incentives
- Macroeconomics
- Microeconomics
- Natural Experiments
- Randomized Experiment