Micro and Macro Practice
Micro and Macro Practice
Micro and Macro Practice
Micro and Macro Practice
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Macroeconomics (from the Greek prefix makro- meaning “large” + economics) is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole. This includes regional, national, and global economies.[1][2]
While macroeconomics is a broad field of study, there are two areas of research that are emblematic of the discipline: the attempt to understand the causes and consequences of short-run fluctuations in national income (the business cycle), and the attempt to understand the determinants of long-run economic growth (increases in national income).
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Macroeconomic models and their forecasts are used by governments to assist in the development and evaluation of economic policy.
Macroeconomists study aggregated indicators such as GDP, unemployment rates, national income, price indices, and the interrelations among the different sectors of the economy to better understand how the whole economy functions. They also develop models that explain the relationship between such factors as national income, output, consumption, unemployment, inflation, saving, investment, energy, international trade, and international finance.
Macroeconomics and microeconomics, a pair of terms coined by Ragnar Frisch, are the two most general fields in economics.[3] In contrast to macroeconomics, microeconomics is the branch of economics that studies the behavior of individuals and firms in making decisions and the interactions among these individuals and firms in narrowly-defined markets.
The foundation of the social work profession is rooted in two levels of social assessment and reform. One is the individual, or micro, approach, which examines the needs of the individual living in poverty and explores how trained social work professionals could assist the individual in overcoming barriers to economic self-sufficiency. The other approach, which occurs simultaneously, is a macro, or larger environment, approach. This approach identifies and influences changes in the larger systems (education, economic, etc.) to improve self-sufficiency. The social work profession incorporates both approaches and trains professionals to intervene effectively at both levels of practice.
For this Discussion, review this week’s resources. Then, reflect on the dichotomy between micro and macro practice. Next, think about how micro practice has come to dominate the social work profession.
By Day 4
Postan explanation of “the dichotomy between micro and macro” practice. Then, describe how micro practice has come to dominate the social work profession.
Required Readings
Popple, P. R., & Leighninger, L. (2015). The policy-based profession: An introduction to social welfare policy analysis for social workers. (6th ed.). Upper Saddle River, NJ: Pearson Education.
Chapter 1, “The Policy-Based Profession” (pp. 5-19)
Steen, J. A. (2012). Critical thought within the social welfare policy course. Journal of Teaching in Social Work, 32(1), 14–28.
Note: Retrieved from Walden Library databases.
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