While microeconomics looks at how households and businesses make decisions and behave in the marketplace, macroeconomics looks at the big picture – it analyzes the entire economy.
How are collective decisions made? and How do different “rules of the game” (institutions) affect the allocation of resources?
The tendency in contemporaneous economics is toward a global market, in which products, services, investment capital and labour frequently cross international borders.
Labor Economics encompasses economics of education, health economics, family economics. It can be considered an application of microeconomics or macroeconomics.
The Econometrics research group is currently working on several projects covering both theoretical and applied econometrics.