English to Arabic Social Sciences Economics ecomomics

Dopfer with co-authors (Dopfer, Foster, Potts, 2004) has also espoused the introduction of intermediate level of analysis in economics, apart from micro- (individual) and macro-aggregate level. The meso-level is where collective behaviour patterns are established, and where institutions operate. This level works as an intermediary linking micro-level interactions and macro-level dynamics. Thus, importance of institutions in economic analysis is emphasized.