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

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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[@damionrussell3121]

Thank you for making this video

[@phalangmiki]

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.

[@ryukcb]

[@bignaf1875]

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.

[@demondhouser4308]

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

[@huntercleveland9866]

Ayo I agree, should’ve used the correct wording.