postive and normative economics exercise

ECON1 Positive and Normative Answer all the questions below 1. Explain what is meant by Positive Economics 2. Explain what is meant by Normative Economics 3. Name and briefly explain the three types of economic model 4. Define Microeconomics 5. Define Macroeconomics WWW.AQUINASECONOMICSAS.CO.UK @AQUINASECONOMIC

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Page 1: Postive and normative economics exercise

ECON1

Positive and NormativeAnswer all the questions below

1. Explain what is meant by Positive Economics2. Explain what is meant by Normative Economics3. Name and briefly explain the three types of economic model4. Define Microeconomics5. Define Macroeconomics

WWW.AQUINASECONOMICSAS.CO.UK@AQUINASECONOMIC

http://WWW.AQUINASECONOMICSAS.CO.UK/

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