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

[@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.