Ettienne, Chief Economist at RMB considers himself a macroeconomist, someone that needs to know some things about a lot of things. Economics is essentially a social science with 2 sub-fields — microeconomics and macroeconomics. In short, microeconomics deals with detail, the nitty gritty so to speak. This can include price theory, what determines the cost of a product, determining the wage of particular workers, to name a few. Macroeconomics on the other hand is the big picture. Topics such as the global economy, international trade, inflation and public finance. Please enjoy the conversation and subscribe for more.

Read more: https://www.rmb.co.za/page/in-the-midst-of-economists

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