Hello folks! I’m Zach Vega and this is my blog where I provide commentary on economics. What subjects do I exactly talk about? The topics typically feature macroeconomic concepts and events. What’s the difference from microeconomic concepts? Let’s look at two situations and see.
Microeconomics is the study of economic situations that pertain to one individual or firm. Here’s an example:
The flooding at Thai villages in 2011 suppressed the supply of hard drives coming from factories and led to a massive increase in the costs of production at Seagate.
Notice how the passage focuses on one business, Seagate. So what would a macroeconomic situation look like? Macroeconomics is the study of the economy as a whole.
The flooding at Thai villages in 2011 decreased the aggregate supply in the region and pushed the economy into a contraction of 9% by Q3.
See the difference? The passage focused on the performance of the Thai economy as a whole, not just one company. This distinction is integral to understanding the content objectives of the website.
What topics in macroeconomics are featured the most on this website? The two largest issues are the impact that financial regulation and central bank policy have on the economy.