B. INGGRIS EKONOMI

MACROECONOMICS AND MICROECONOMICS

Economics is divided into two branches macroeconomics and microeconomics. Macroeconomics is the branch of economics that studies the entire economy. If we are concerned about the overall level of production in an economy, the average level of prices, or the total number of workers that are unemployed, then we are dealing with macroeconomics.
Microeconomics is the branch of economics that studies parts of the economy. If we want to know what determines the price of gasoline, the surplus of wheat or the proportion of income a family spends on medical care, then we are dealing with microeconomics.
The difference between them can be illustrated by a simple analogy. Macroeconomics is much like puzzle; the more pieces that we obtain, understand and set in place, the better  we will able to comprehend the puzzle as a whole. Microeconomics is analogous to a tree rather than puzzle. In microeconomics we study a limited number of very important concepts, which represent the trunk of the tree. And then we apply these concepts of life as symbolized by the numerous branches of the tree.
While macroeconomics studies only parts of it, there is a great deal of overlap. The operation of the overall economy depends on the operation of separate parts of the economy, so these parts cannot be studied in isolation. The total output in the economy is based on the decisions of thousands of businesses throughout decisions are based in part on the activity of the entire economy.

Say whether these sentences are true (T) or False (F).
1.    Microeconomics is the branch of economics that studies the whole parts of the economy.
2.    Microeconomics isn’t analogous to a tree rather than a puzzle.
3.    We study a limited number of very important concepts in microeconomics.
4.    In macroeconomics, we study the entire economy.
5.    The total number of workers that  are unemployed, the average level of prices and the overall level of production in an economy, then we are dealing with macroeconomics.
6.    The word “unemployed” in par.1 means that the people who are out of work.
7.    The success of the overall economy depends on the operation of macroeconomics and microeconomics.
8.    The word “trunk” in par. 3 to the stem.
9.    The opposite of word “represent” in par.3 is misrepresent.
10.    We can study macroeconomics and microeconomics separately.

Translate This Passage into Indonesian
Business is a word which is commonly used in many different languages. But exactly what does it mean? The concepts and activities of business have increased in modern times. Traditionally, business simply meant exchange or trade for things people wanted or needed. Today it has a more technical definition. One definition of business is the production, distribution and sale of goods and services for a profit. To examine this definition, we will look at its various parts.First, production is the creation of services or the changing of materials into products. One example is the conversion of iron ore into metal car parts.

WHAT IS BUSINESS

Business is a word which is commonly used in many different languages. But exactly what does it mean? The concepts and activities of business have increased in modern times. Traditionally, business simply meant exchange or trade for things people wanted or needed. Today it has a more technical definition. One definition of business is the production, distribution and sale of goods and services for a profit. To examine this definition, we will look at its various parts.First, production is the creation of services or the changing of materials into products. One example is the conversion of iron ore into metal car parts.
Next these products need to be moved from the factory to the marketplace. This is known as distribution. A car might be moved from a factory in Detroit to a car dealership in Miami.
Third is the sale of goods and services. Sale is the exchange of a product or service for money. A car is sold to someone in exchange for money. Goods are products which people either need or want; for example, cars can be classified as goods. Services, on the other hand, are activities which a person or group performs a service when he repairs a car. A doctor also performs a service by taking care of people when they are sick.
Business, then, is a combination off all these activities: production, distribution and sale.
However, there is one other important factor. This factor is the creation of profit or economic surplus. A major goal in the functioning of an American business company is making a profit. Profit is the money that remains after all the expenses are paid. Creating an economic surplus or profit is, therefore, a primary goal of business activity.

Answer these questions basing on the text.
1.    What is tradition definition of business?
2.    What is one modern definition of business?
3.    How does this modern meaning  of business differ from the traditional one? What factors have brought about these changes?
4.    According to an example of distribution given in the reading, can you think of another examples?
5.    How do goods differ from services?
6.    What is the definition of sale?
7.    How to calculate profit?
8.    What does production involve?
9.    What is a primary goal of business activity?
10.    In addition to production, distribution and sale, what other factor is important in defining business?

Translate This Passage into Indonesian
Economics is divided into two branches macroeconomics and microeconomics. Macroeconomics is the branch of economics that studies the entire economy. If we are concerned about the overall level of production in an economy, the average level of prices, or the total number of workers that are unemployed, then we are dealing with macroeconomics. Microeconomics is the branch of economics that studies parts of the economy. If we want to know what determines the price of gasoline, the surplus of wheat or the proportion of income a family spends on medical care, then we are dealing with microeconomics.

Tinggalkan Balasan

Isikan data di bawah atau klik salah satu ikon untuk log in:

Logo WordPress.com

You are commenting using your WordPress.com account. Logout / Ubah )

Gambar Twitter

You are commenting using your Twitter account. Logout / Ubah )

Foto Facebook

You are commenting using your Facebook account. Logout / Ubah )

Foto Google+

You are commenting using your Google+ account. Logout / Ubah )

Connecting to %s