Microeconomic theory forms the cornerstone of modern economics by examining how individuals and firms make decisions under constraints and how these decisions shape market outcomes. It provides a ...

Macroeconomics focuses on the behavior of the economy as a whole. It examines aggregate variables such as gross domestic ...

In contrast to microeconomics, macroeconomics takes a bird's-eye view of the economy as a whole. It focuses on aggregate variables, such as national income, inflation, unemployment, and economic ...