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Well, Micro Economics deals with an individual's behavior. It deals with individual and market demand and supply and the equilibrium price etc. It will tell you that if you are a consumer, you will compare prices and choose the cheapest product giving you the maximum utility (satisfaction) too. If you are a producer, you will see which product is most profitable to produce. You will take into account cost, revenue, competition. You will deal with forms of market such as monopoly oligopoly etc.
When you talk about Macro Economics, you are talking about the entire economy. National Income, Gross Domestic and Gross National Product etc. You will know the Aggregate Demand and Supply. You will understand foreign exchange, budgeting, banking and the measures to correct inflation and deflation. You will understand about financing deficits etc. Most of this is Keynesian Economics devised during The Great Depression in 1929. Strangely, the Obama government is following many simple laws of Macro Economics to help America out of the economic downturn.
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What are the Methodological differences between microeconomics and macroeconomics?
difference in methodology for microeconomics and macroeconomics?
What is the difference between macroeconomics amd microeconomics with respect to inflation?
MICROECONOMICS- this deals with any individual segment of economy. MACROECONOMICS- this deals with the whole economy.
What is the difference between microeconmics and macroeconomics?
Microeconomics and macroeconomics are two major and are general fields of economics.
Relationships between microeconomics and macroeconomics?
The main relationship between microeconomics and macroeconomics are that they are both studies of economics and they both deal with economic factors. Microeconomics deals with economics on a small scale and is broken down into smaller, more individual areas. Macroeconomics deals with economics on a larger scale and focuses on economic factors overall.
Is tata group included in microeconomics or macroeconomics why?
microeconomics im not sure why
What are the Methodological differences between microeconomics and macroeconomics?
difference in methodology for microeconomics and macroeconomics?
Distinguish between Microeconomics and Macroeconomics?
Microeconomics means to study the individual economy while in macroeconomics we study the aggregate economy.
What is the difference between macroeconomics amd microeconomics with respect to inflation?
MICROECONOMICS- this deals with any individual segment of economy. MACROECONOMICS- this deals with the whole economy.
What is the difference between microeconmics and macroeconomics?
Microeconomics and macroeconomics are two major and are general fields of economics.
Relationships between microeconomics and macroeconomics?
The main relationship between microeconomics and macroeconomics are that they are both studies of economics and they both deal with economic factors. Microeconomics deals with economics on a small scale and is broken down into smaller, more individual areas. Macroeconomics deals with economics on a larger scale and focuses on economic factors overall.
Is tata group included in microeconomics or macroeconomics why?
microeconomics im not sure why
A families decision about how much income to save under the study of microeconomics or macroeconomics?
a family's decision about how much income to save microeconomics or macroeconomics?
2 types of economics?
macroeconomics and microeconomics
What are the 2 division of ekonomics?
Macroeconomics and Microeconomics
What is difference between microeconomic and macroeconomics?
Microeconomics has to do with small business management or the economics of individuals or small groups. Macroeconomics has to do with the economics of provinces, nations and the world as a whole.
Is it microeconomics or macroeconomics the effect of higher income taxes on total amount of consumer spending?
microeconomics
What are the advantages and disadvantages of microeconomics and macroeconomics?
full employment
