Difference Between Microeconomics and 
        Macroeconomics 
        Economics is divided into two sections: Microeconomics and Macroeconomics. In simpler terms, 
        microeconomics is the study of economics at a more individual level while macroeconomics 
        studies economic policy at a country or government-level. 
         
        While they are interdependent and complements of each other, they are still fundamentally 
        different from each other. The approach and the purpose in which both terms are used is where 
        the differentiations arise. This article will further explain what the other differentiations are. 
         
                                                          
          
        The information gathered from this article will be of immense use for candidates writing the IAS 
        Exam this year. 
         
        The differences between the microeconomics and macroeconomics are highlighted in the table 
        below: 
               
                      Differences between Microeconomics and Macroeconomics 
               Microeconomics                              Macroeconomics 
                                               
               Microeconomics studies         Macroeconomics studies the impact of 
               individuals and business       business decisions made by countries and 
               decisions                      governments 
               Microeconomics focuses on      Macroeconomics focuses on the entire 
               supply and demand and other  economy while taking a top-down approach to 
               forces that determine price    determine its course and nature 
               levels 
               Potential investors can use    Macroeconomics is an analytical tool used to 
               microeconomics to make their  craft economic and fiscal policy 
               decisions 
               Microeconomics offers a        Macroeconomics ensure that the economic 
               picture of the goods and       resources available in the country are optimally 
               services needed for a robust   utilized 
               economy. It also will project 
               which goods and services will 
               have demand in future 
               The term microeconomics        John Maynard Keynes is largely credited with 
               was coined by Professor        as the inventor of modern macroeconomics 
               Ragnar Frisch