There is a lot of discussion in the macro community as to whether microeconomics is good or bad. I will give you the answer right now. Yes, microeconomics is bad.
It's just that macroeconomics is not about micro. You see macroeconomics is about the big picture, not about how things appear or how they affect us. So, what's the difference between macro and micro?
Micro is about numbers. If you don't understand micro, you don't understand macro. In fact, if you don't know what micro is, you probably don't know macro either. The macroeconomics textbooks will tell you that micro is where it's at and macro is where it stops.
Micro is about micro. It's about how the micro microeconomics effect everyone else. It's about how the numbers and how the market work together to make us as a society or state of mind as we want it. It's also about how those numbers affect us individually. Which ones affect us individually and which ones affect our society?
In order to understand the macro and micro, you have to know what micro is and what macroeconomics isn't. If you don't understand micro, you don't understand macro. But, when you understand micro you can then understand macro. It's just that you don't understand macro until you understand micro.
Macro is the big picture. It's where the numbers and the market interact to create the reality of who we are as a nation or a society. Microeconomics is just the numbers, the market and how the numbers interact to create the reality of who we are as a society or a state of mind. So, is it good or bad? I guess you'll have to decide for yourself, but one thing for sure: there is no micro macro economics.
Micro is only relevant if you want to understand macroeconomics. That's why many people who can't figure out microeconomics can't figure out macroeconomics because they can only understand it through micro. And that's a very limited amount of information. So, what's the difference between macro and micro? That is what I'm here to tell you.
Micro macro is micro. And micro is not. There is no such thing as micro-macro and micro in economics. Micro is just numbers, the numbers in the economy and the market, not the real economy.
So, what is a macro? It's the big picture. Macro is the numbers. When you look at the bigger picture and not the micro, then you can clearly see the bigger picture and not see the small picture and how it affects your life.