2nd Annual International Conference on Micro and Macro Economics (MME 2012)

The study of micro and macro economics is indispensable as it is the main agent for formulation and successful execution of government economic policies. While micro economics function as a tool to analyze market mechanisms that establish relative prices amongst goods and services, microeconomics on the other hand, analyzes market failure where markets fail to produce efficient results. While these two studies of economics appear to be different, they are actually interdependent and complement one another. Both the micro and macro economic models and their forecasts are widely used by both
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The study of micro and macro economics is indispensable as it is the main agent for formulation and successful execution of government economic policies. While micro economics function as a tool to analyze market mechanisms that establish relative prices amongst goods and services, microeconomics on the other hand, analyzes market failure where markets fail to produce efficient results. While these two studies of economics appear to be different, they are actually interdependent and complement one another. Both the micro and macro economic models and their forecasts are widely used by both governments and large corporations to assist in the development and evaluation of economic policy and business strategy.

The MME conference plans to achieve a synergetic discussion amongst researchers, academicians and students in topics relating to monetary policies, GDP, GNP, unemployment rates, and price indices to understand how the whole economy functions. The conference also aims to provide a basis for stimulating practical perspectives and new ideas for research and development in economic policies.