economic sciences

Differences and Similarities Between Microeconomics and Macroeconomics

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What are the Differences and Similarities between Microeconomics and Macroeconomics? There are some differences and similarities between microeconomics and macroeconomics. Microeconomics focuses on the study of individual economic units and specific markets such as the automobile or wheat market. Macroeconomics addresses the functioning of the economic system as a whole. It does not focus on a specific … Read more

The 2018 Nobel Prize for economic sciences shared by William Nordhaus and Paul Romer

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The 2018 Nobel Prize winners for economic sciences The 2018 Nobel Prize for economic sciences shared by William D. Nordhaus and Paul M. Romer The 2018 Nobel Prize in Economic Sciences was awarded on Monday to a pair of American economists, William D. Nordhaus from Yale University, US,  and Paul M. Romer from New York … Read more