Part 3 of 4: the Difference Between Micro and Macro Economics – We look at macro economics in more detail and consider the impact of GDP, inflation and unemployment upon an economic system. We also start to look at potential pitfalls with this model.
In Part 2 of this 4 part series we look at the difference between micro and macro economics in more detail. We focus upon micro economics here and consider the impact of individual elements within an economy and the meaning of opportunity costs and utility in economic terms.
To understand why we need economic change we need to know the difference between micro and macro economics. In Part 1 of this 4 part series we look at how our broad understanding of micro and macro economics allows many to interpret what is going on in the economy.
What does critical thinking mean? Why is it important and what can we learn from understanding it? Critical thinking is the basis upon which science, engineering, maths, technological development and so much more is built. But what benefit can it be for you and I as individuals? Does it matter what way we think? In this article we discuss the relative composition and merits of the skill of critical thinking. It reveals what it is and why it could be an important element of your life.
Why is the scientific method important? This post look at the scientific method in detail and explains why it is valuable to all of us. Whether you are a research physicist or a home maker chances are you use the scientific method every day. Discover how the scientific method enables us to solve problems and thinks critically.
Who developed the scientific method? In truth it wasn’t just one person or distinct culture but rather has been the ongoing development of an idea that spans both the centuries and the continents . However there have been some notable and eminent contributors over the ages who developed the scientific method further. In this article we look at who some of these scientists and natural philosophers were and assess their part in this fascinating story.
Who invented the scientific method? Most people say this is an impossible question to answer but I don’t think it is. Discover here how empirical science came into being and why the routes of the scientific method are so contentious. If you have an inquiring mind you may want to find out why.
The 2014 Budget statement from the Chancellor George Osborne was full of self congratulation. The opposition seemed somewhat dumbfounded by the impressive growth figures Osborne could point to as justification of his policies. Unfortunately for Mr Osborne the recovery appears to be fundamentally flawed. A closer look at the underlying figures reveals a far from encouraging picture. Read here to find out more.
Apparently the recovery is under way and there are real signs of improvement in the economy. But improvement for whom? With over $4T of new money sloshing around in the U.C economy what have been the gains felt by the majority of the population. Who has benefited from the quantitative easing policies forced upon the Federal Reserve by the financial institutions. Let’s look at the facts.
James Corbett and I discuss how Britain is reacting to the coronavirus madness. We talk about COVID-19, the Coronavirus Act and other legislative nightmares, the statistical chicanery that is perpetuating this crisis, and how people across the UK and around the world are reacting to the new normal. Watch here.