The first two examples of micro and macro economics are the study of the economy in a smaller scale. These examples include macroeconomics and microeconomics and they are usually studied in the same way.
Microeconomics The micro-economic system is more localized to the economic system itself and is used by the individual. It is a simpler version of economics and the people are less involved in it. A good example of microeconomics would be the economy in a small town where everyone was making enough money to live comfortably and everyone knew what everyone else was doing.
Macroeconomics is used by businesses, corporations, governments, and the media to predict the future economy based on current trends. This type of micro economics is very involved and is very popular among businesses because they know when the economy is about to go down or up. For example if a business is making more money than it spends in a given period of time, then it is most likely going to increase because it is more profitable.
Micro and Macro Economics There are many reasons why an economic system will change for the better or worse, but the main reason is the difference in the economy at the time. Microeconomics can go down, but if there is not enough money to replace it then the economy will eventually go down as well.
Macro economics on the other hand is used to determine when the economy should go up or down, which is more popular with governments because they want to know when they need to make a trade and when it will help their country's economy. Since they use this method to predict the future, it is very easy to understand.
Micro and Macro Economics have both benefits and disadvantages, but they can both work at the same time. It all depends on the type of economy you have.
Microeconomics If you own your own business, then microeconomics is the way to go. Because there is no money being spent on the economy, you can just focus on the money that is going into your pocket instead of worrying about the economy of your country going down.
Macroeconomics If you have a very small economy like a town where everybody knows everyone else and everybody is trying to do the same thing, then macroeconomics will do the job for you. Because there is no need to worry about money being spent on the economy, you can spend it on anything you want and this can cause major problems.
Which type of economics you should do is up to you and depends on what type of economy you have. However, for most of the time, microeconomics is the right choice, because it allows for greater freedom.