Micro and Macro Economics are a great guide to economics. If you are looking for a beginner economics book that will give you an overview of the various economic variables, then this is a great choice. It starts at the beginning and then goes on to explain the effects of these variables on the economy. It explains how to use the economy to our advantage and how to manage the economy for the long term.
There are two different ways to look at macro and micro economics. The first way is a literal interpretation of what they say. For example, when we hear the term microeconomics, what we are actually thinking about is the tiny elements of the economic system. These include interest rates, the size of the economy, the balance of trade, etc. If you focus on these factors and how they affect the economy, then you will be familiar with what microeconomics is all about.
The second approach to reading is a literal meaning of the words. In this interpretation, you will be taking a macro perspective on the world and then using microeconomics to explain its effects on the economy. A classic example of this approach is President Obama's 2020 economic stimulus package. He did not use microeconomics; he used macroeconomics. That is the main difference between the two.
So which is the right way to interpret this terminology? The answer is both.
Microeconomics basically takes a very macro approach to economics and looks at everything in detail. While it does show that everything is interconnected, the overall impact of these connections on the economy will be subtle. When you are looking at microeconomics, the emphasis is on a few economic aspects and how they relate to one another. You might find that a particular industry has been hurt by one of its competition, for example, but it might not matter too much because the industry can grow and thrive.
On the other hand, when you look at macroeconomics, you will generally focus on more specific aspects of the economy and how they effect each other. For instance, if you were considering the effects of the stimulus package on the housing market, you would look at how the plan affects the mortgage market, interest rates, banks, and the overall economy as a whole. You may also look at how the plan affects the stock market, the business climate, the economy as a whole and the country as a whole.