What is the difference between Macroeconomics and Microeconmics?

Question

WHat is the difference and what should I take first? I want to take these classes in Senior year but am unsure of how I should take them. Any help would be awsesome

Answer 1

Macro is the total of all the Micro.

Microeconomics can be so "micro" as to question individual decisions like if with wages under pressure do you buy cheap shampoo or still buy the expensive mink oil stuff. lol.  

Or more currently, what price for gas will reduce your driving, make you move closer to your school, or force you on to the bus or train.

With macro you might look at how interest rates and money supply should be changed to change the buying decisions of ALL the consumers as a group. Or how it changes business decisions.

While you can take them both at the same time and they are basicially different, I like the idea of micro first and macro second because you might have a better idea of how the macro influences the micro.

Good luck.

Answer 2

easy to remember

micro you think microscope (seeing tiny things( micro=small.

macro=big

here's an analogy.... macroeconomics(big) is like the forest while microeconomics(small) is like a tree

ex:  macroeconomics: computers...... microeconomics: mac, hp, dell, etc

hope that helps

based on what i said, decide which one you want to take (i don't know what kind of learner you are)

Answer 3

Macro is more about the economics of countries and international businesses. You would deal with currency exchange, money markets, etc.

Micro is more about within a country - businesses down to personal spending.

I have taken them both at the same time before - it didn't seem to make much of a difference as there wasn't much overlap the way it was taught to me.