Microeconomics .. and those actors could be firms, could be people, it could be households.

We were having negative per capita growth.

I just want to share a little clip for you.

Have had technologies that would liberate the world from the slavery of our current

Creating our own program to solve problems, like fighting corruption,

Micro is that people, individual actors are acting out of their own self interest.

So, it's policy, top down .. 'top down' questions.

So high utilization of capacity, it leads to prices increasing.

And how does that .. does that affect prices and markets, and whatever else.

And now Economics is frequently .. and when he makes a statement, he is actually making a mix of micro economic and macro economic statements.

And once again important to keep in the back of one's mind, because especially relevant to macro economics, because in macro economics there is always all sorts of prediction about the state of the economy about what need to be done, about how long the recession will last, what will be the economic growth next year, what will inflation do ... and they often prove to be wrong.

THE ENVlRONMENT INFLUENCE

That is

15 294.3 billion dollars divided by essentially the ratio between our deflator and the 100, divided by 1.025.

Macro

Macros

You'll regret it. Enjoy yourselves.

And we've heard a lot about how economies function.

A nice thing. If you haven't seen it yet, come and experience the Solidarity Economy.

And macro economics is probably more guilty of it.

With the Put Out system?

Let us take a look at the world situation today.

Economic development forum.

Inin energy, and logistics, and finance.

So it's very very very important to take it all with a grain of salt, to remember that it's all based on some simplifying assumption.

I'm very, very much engaged in art history and 'mic mac', which is micro macroeconomics.

But it's saying that what we can do about it is very little, at a very high cost.

But today, finally, after economic reforms, and economic growth,

Economic games. So what we do is we go into two areas.

Econometrics package

Von Mises, interestingly, believes economics is just a subset of psychology.

In the 1990s, North Korea lost its old mentor, the Soviet Union.

How much do you prefer a first born son?

The topics range from math

Simple economics.

No, I'm agreeing with you, but I went through all this with Walt.

a latticework on which to hang your ideas.

Economics is the study of economic mechanisms.

Then the other thing happened.

They wanted us to be concerned about social issues.

The lowest percentage of entrepreneurs starting businesses.

On paper the country was doing great.

Here's the overall picture.

Then the economy boom!

Well the economy, you know, so....