Microeconomics vs. Macroeconomics - Concept, Difference, Micro & Macro Economic Interdependence.

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This short lecture covers Difference Between Microeconomics & Macroeconomics, examples of microeconomics and macroeconomics, and the Interdependence between Micro Economics and Macro Economics.

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  2. Microeconomics vs. Macroeconomics - Concept
  3. Difference
  4. Micro & Macro Economic Interdependence.
  5. Microeconomics
  6. Macroeconomics
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00:02 Economics is divided into microeconomics and macroeconomics.
00:32 Microeconomics studies individual consumers and firms in the market.
01:02 Microeconomics focuses on the economic behavior of individual units.
01:34 Microeconomics focuses on individual consumer behavior and pricing theories.
02:04 Macroecomonics focuses on economy as a whole
02:33 Macroeconomics focuses on broad economic issues.
03:04 Microeconomics and macroeconomics are complementary theories with a common goal.
03:35 Understanding both microeconomics and macroeconomics is vital for maximizing the nation's material welfare.

phalangmiki
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I took microeconomics and received a B+, but now I have to take macroeconomics. I didn’t enjoy microeconomics, lol. I hope this class is better.

bignaf
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I am sorry. But, you used 'compliment' in the incorrect context. You should have used 'complement' not 'compliment'! Thank you!!!!

demondhouser