Academic Tutor
Tutor (Economics 201: Microeconomics). "As the title of the course suggests, the explanations we construct in what is misleadingly called microeconomics always have two layers. The ‘microeconomic’ layer considers how decentralised ‘agents’ (in particular, consumers and firms) make decisions in response to the economic environments (the ‘structure’) they face. The ‘structural’ layer considers how this economic environment is constructed. Clearly, the two layers depend on each other and one cannot be understood in isolation from the other. ‘Structure’ includes market structure (which is complex and highly varied), social structure, culture, politics and policy. It includes macroeconomic and ‘non-economic as well as what are normally considered ‘microeconomic’ elements. We largely abstract from a third layer (macroeconomics). However, we do note the relationship between ‘micro’ and ‘macro’ at various point throughout the course (see for example, section 1.1.3)." (Fryer, 2021).