Therefore, Pakistan today requires a proactive
micro-economic approach which should be enhance the economic cluster competitiveness in the economy and integrate these clusters for domestic out of international standards resulting in an exponential export potential.
While the students majoring in business economics and international business have received courses in introductory
micro-economics and macro-economics before entering the Business and Macroeconomics paper, there are a number of students from other faculties who have little or no tertiary level economics.
Location, Clusters and the "New"
Micro-Economics of Competition" Business Economics 33, 1, 7-13.
He said: ``Thirty years ago, there would have been 10-15 students in my Principles of
Micro-economics module and they would have been among the best.
(Brief
micro-economics lesson: When supply equals demand, prices are stable.
But macro-economics is on the whole more lumpy than
micro-economics. There may be choices among measures to affect the net national product, the price level and the exchange rate, and between general measures and those targeted at particular functions such as bank regulation or liberalization.
The problem is complex due to numerous elements of macro- and
micro-economics, sociology, market and competition, technique and politics, which are involved.
