5. Microeconomics. Macroeconomics

Microeconomics is one of the two major fields of standard economics. Microeconomics is the study of the economic behaviour of individual consumers, firms, and industries and the distribution of total production and income among them. It considers individuals both as suppliers of labour and capital and as the ultimate consumers of the final product. Microeconomics analyses firms both as suppliers of products and as consumers of labour and capital. Microeconomics assumes that people behave rationally.

The central components of microeconomics are demand, supply, and market equilibrium. Demand refers to how individuals or households form their demands for different goods and services. Supply refers to how firms decide which and how many goods or services they will supply. Market equilibrium refers to how markets enable these supplies and demands to interact.

Unlike macroeconomics, microeconomics looks at how individual markets work and how individual producers and consumers make their choices and with what consequences.

Microeconomists tend to offer a detailed treatment of one aspect of economic behaviour but ignore interactions with the rest of the economy.

Macroeconomics is the branch of economics that examines and explains economic facts in the aggregate, i.e. in totals for the whole community or nation. It is concerned with the study of whole economies or systems, including such aspects as government income and expenditure, the balance of payments, interest rates, fiscal policy, investment, inflation, money, consumption, employment, and unemployment. Macroeconomics seeks to understand the influence of all economic factors on each other and thus to quantify and predict aggregate national income.

Macroeconomics emphasises the interactions in the economy as a whole. At the basis of macroeconomic is an understanding of what constitutes national output, or national income and the concept of gross national product (GNP).

The study of macroeconomics is relatively new, generally beginning with the ideas of British economist John Maynard Keynes in the 1930s.

6. Logistician as a professional

A logistician is a professional logistics practitioner. One can either work in a pure logistics company such as shipping line, airport or freight forwarder or within the logistics department of a company. However, as mentioned previously, logistics is a very broad field encompassing procurement, production, distribution and disposal activities.

A logistics manager oversees the storage and movement of goods and supplies. Logistics managers are relied upon for nearly every aspect of modern life, often without even knowing it. People in this position arrange the movement of raw materials and finished goods. Managers also arrange the warehousing of goods and organization of logistics departments.

7. Logistic manager.

Logistics managers typically have degrees in a business field. Formal education in logistics and supply-chain management are uncommon but highly sought after for manager positions.

The logistics manager position can be broken into three main areas: warehousing goods, moving goods, and managing staff.

The warehousing of goods is a vital part of modern shipping. Modern shipping requires that an order be processed, packed, and shipped within as small a window of time as possible. A logistics manager is in charge arranging the warehouse, cataloging goods, and processing shipments.

Movement of goods is another of the manager's chief responsibilities. Arranging the timely pickup and transport of goods is a tricky process, and getting goods off-loaded and then reloaded with minimal downtime takes a great deal of effort and planning.

Overseeing personnel is the logistic manager's last main job. Managers often have warehouses full of workers or a fleet of drivers to keep track of. They need to organize these people with the overall plan for the goods. Drivers need to be where they are supposed to be and warehouse workers need to be there to meet them.