{"id":588,"date":"2024-05-30T03:15:15","date_gmt":"2024-05-30T03:15:15","guid":{"rendered":"https:\/\/course.oeru.org\/maec101\/?page_id=588"},"modified":"2024-05-30T03:15:15","modified_gmt":"2024-05-30T03:15:15","slug":"introduction-and-objectives","status":"publish","type":"page","link":"https:\/\/course.oeru.org\/maec101\/learning-pathways\/overview-of-macroeconomics\/introduction-and-objectives\/","title":{"rendered":"Introduction and objectives"},"content":{"rendered":"<div id=\"content\" class=\"mw-body container\" role=\"main\">\n<div class=\"row\">\n<div class=\"col-md-12\">\n<div class=\"panel\">\n<div class=\"panel-body\">\n<div id=\"bodyContent\">\n<div id=\"mw-content-text\" lang=\"en\" dir=\"ltr\" class=\"mw-content-ltr\">\n<div class=\"thumb tright\">\n<div class=\"thumbinner thumbnail\" style=\"width:290px;\"><a href=\"https:\/\/wikieducator.org\/File:Surveyor.jpg\" class=\"image\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"\/\/wikieducator.org\/images\/2\/2b\/Surveyor.jpg\" width=\"288\" height=\"288\" class=\"thumbimage img-responsive\"><\/a>  <\/p>\n<div class=\"thumbcaption\">Zeroing on the right information<\/div>\n<\/div>\n<\/div>\n<p>A study of economics usually begins by dividing the subject into microeconomics and macroeconomics. The former focuses on the exchanges of goods and services between consumers and firms in markets. In contrast, the latter focuses on exchanges that occur across all markets within a country. Macroeconomics examines the interrelated actions of consumers, businesses, government agencies, financial intermediaries, and global trading partners as they exchange resources, goods, and services as well as facilitate currency and quantity flows.<br style=\"clear:both;\"><\/p>\n<p>\n<\/p>\n<div class=\"panel iDevice\">\n\t<div class=\"panel-heading idevice-heading\">\n\t\t<div>\n\t\t\t<img decoding=\"async\" class=\"pedagogicalicon\" alt=\"objectives\" src=\"https:\/\/course.oeru.org\/maec101\/wp-content\/themes\/oeru_course\/idevices\/Icon_objectives.png\">\n\t\t<\/div>\n\t\t<div>\n\t\t\t<h2>Objectives<\/h2>\n\t\t<\/div>\n\t<\/div>\n\t<div class=\"panel-body\">\n\t\t<div class=\"col-md-12\">\n\t\t\t<\/p>\n<p>The overall purpose of this learning pathway is to gain a better understanding of the way markets function within a society. Your goal is to:\n<\/p>\n<ul>\n<li> Identify the determinants of demand and supply.\n<\/li>\n<li> Describe how changes in demand and supply lead to changes in a market&#8217;s equilibrium price and quantity.\n<\/li>\n<li> Describe the circular flow model, identifying linkages between the markets for goods and resources as well as the exchanges between businesses and households.\n<\/li>\n<\/ul>\n<p>\n<\/p>\n<p>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n<p><!-- \nNewPP limit report\nCPU time usage: 0.018 seconds\nReal time usage: 0.023 seconds\nPreprocessor visited node count: 106\/1000000\nPreprocessor generated node count: 788\/1000000\nPost\u2010expand include size: 2481\/2097152 bytes\nTemplate argument size: 984\/2097152 bytes\nHighest expansion depth: 7\/40\nExpensive parser function count: 0\/100\n--><\/p>\n<p><!-- Saved in parser cache with key we_en-mw_:pcache:idhash:177036-0!*!*!*!*!2!* and timestamp 20240529034007 and revision id 1033934\n -->\n<\/div>\n<div class=\"visualClear\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"row\">\n<div class=\"col-md-12\">\n<ul class=\"pager\">\n<li class=\"previous\">\n            <a href=\"\/maec101\/interactions\/course-feed\">\u2190 Previous<\/a>\n          <\/li>\n<li class=\"next\">\n            <a href=\"\/maec101\/learning-pathways\/overview-of-macroeconomics\/video-signpost\">Next \u2192<\/a>\n          <\/li>\n<\/ul><\/div>\n<\/p><\/div>\n<div id=\"wenote-ids\"><script type='text\/javascript' id='wenotes-ids'>\n    var WEnotesSite = \"https:\/\/wikieducator.org\";\n    var WEnotesPath = \"\/Introduction_to_principles_of_macroeconomics\/Introduction_to_macroeconomics\";\n    var WEnotesSiteID = \"0e3d258fbd36841f92259eefcd41d5e9\";\n    var WEnotesPathID = \"b821edb07d2ccaa09897096f82f69352\";\n    var WEnotesIDs = { site: \"https:\/\/wikieducator.org\", path: \"\/Introduction_to_principles_of_macroeconomics\/Introduction_to_macroeconomics\", site_id: \"0e3d258fbd36841f92259eefcd41d5e9\", path_id: \"b821edb07d2ccaa09897096f82f69352\" };\n<\/script><\/div>\n<\/div>\n<footer><\/footer>\n","protected":false},"excerpt":{"rendered":"<p>Zeroing on the right information A study of economics usually begins by dividing the subject into microeconomics and macroeconomics. The former focuses on the exchanges of goods and services between consumers and firms in markets. In contrast, the latter focuses on exchanges that occur across all markets within a country. Macroeconomics examines the interrelated actions [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":586,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-588","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/course.oeru.org\/maec101\/wp-json\/wp\/v2\/pages\/588","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/course.oeru.org\/maec101\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/course.oeru.org\/maec101\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/maec101\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/maec101\/wp-json\/wp\/v2\/comments?post=588"}],"version-history":[{"count":1,"href":"https:\/\/course.oeru.org\/maec101\/wp-json\/wp\/v2\/pages\/588\/revisions"}],"predecessor-version":[{"id":589,"href":"https:\/\/course.oeru.org\/maec101\/wp-json\/wp\/v2\/pages\/588\/revisions\/589"}],"up":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/maec101\/wp-json\/wp\/v2\/pages\/586"}],"wp:attachment":[{"href":"https:\/\/course.oeru.org\/maec101\/wp-json\/wp\/v2\/media?parent=588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}