DIFFERENCE BETWEEN MICRO AND MACRO ECONOMICS

            The main differences between micro and macro economics are given below:-

MICRO ECONOMICS:-
1.Evolution of micro economics took place earlier than macro economics.
2.It is branch of economics,which studies individual economic variables like demand,supply,price etc.
3.It has a very narrow scope i.e. an individual,a market etc.
4.Demand,supply,market forms etc.relate to micro economics.
5.It is helpful in analysis of an individual economics unit like firm.
6.Theory of demand,theory of production,price determination theory etc.develop from micro economics.

MACRO ECONOMICS:-
1.It evolved only after the publication of keynes'book.Genral.theory of employment,interest and money.
2.It is a branch of economics which studies aggregate economic variables,like aggregate demand,aggregate supply,price level etc.
3.It has a very wide scope i.e. a country.
4.Aggregate demand aggregate supply,national income etc.relate to macro economics.
5.It is helpful for analysing the level of employment,income,economic growth etc.
6.Theory of national income,theory of employment,theory of money,theory of genral price level etc.develop from macro economics.