If you are interested in macroeconomic modeling, micro-economic modeling is a very important subject to learn. Micro-economic modeling allows you to understand the impact of individual economic events on economies as a whole. There are several areas that you can study in microeconomics that will help you understand macroeconomics better.
Microeconomics starts with the basics and look at the small things. One such area is the pricing mechanism in the market. Economists use the prices in the market and their prices, along with the demand and supply curves, to predict the price level in the future. There are also other areas of micro-economic modeling that will help you learn more about pricing and demand.
Microeconomics looks at the macro-economic factors. These factors include inflation and unemployment. The cost of living is also important to consider. The size and power of the economy affect how the economy runs. When economies grow faster than population, there will be unemployment and inflation. It is important to understand what causes inflation and unemployment and how they affect the overall economy.
Micro-economic models look at the macro-economic factors. They are very similar to the micro models except that they are based on macro data. The micro models only take into consideration the micro-economic data and do not factor in the macro-economic data. They make a generalization based on the micro-economic data and use this generalization to predict the macro economic data. The micro models may also look at the demand side of the economy. Demand, in the macro sense, is an economic activity that is caused by the current demand for goods and services. Demand affects the value of money and how a currency moves in relation to other currencies.
The micro-economic models also look at the supply side of the economy. The supply side includes how much is available and what it takes to produce that supply. Supply is important to the economy because the more available the supply, the higher the economic activity. The demand side, or production, is related to the economy in the same way as the supply side. It also affects the value of money.
You should not just study micro-economic models in college because they are easier to learn. However, they will give you a good starting point for getting a Ph.D. in economics or any other related field. When you learn micro economic models first, you will have the best base to work with when you go to college for more advanced models in macroeconomics.