Microeconomics VS Macroeconomics

 

Microeconomics vs Macroeconomics

First part microeconomics :  

• Individual economic units: consumer,  producer, market, government.
• Income given.
• Relative price.
• Price theory. 
• Partial equilibrium.

e.g. individual trees.

Second part macroeconomics :

• Economy as a whole.
• National income is a key variable.
•  General price level.
  
• Income theory.
  
• General equilibrium.
  

e.g. forest.

Microeconomics analysis the decision making process of different economic agents under different behavioral assumptions. Macroeconomics deals with the aggregate variables facing an economy.