What is the difference between macro and micro economics? The short answer is this: Microeconomics is an economic theory which focuses on the micro-economic conditions that affect the whole of a country's economy. This is in contrast with macroeconomics, which is a broader economic theory which focuses on the overall condition of the world economy. For instance, macroeconomics might have a focus on the effects of a trade deficit on a particular country's economy. In contrast, microeconomics might have a focus on the effects of a trade deficit on the entire world economy.
So, where can you find macroeconomics and micro? One place to find them is at the macroeconomic policy think tank, such as the Peterson Institute for International Economics. They have been conducting economic research and analysis for decades, and so they are very knowledgeable in this area of economics. Another place to find these theories is at other think tanks, including those with a lot of government funding, such as the Heritage Foundation. Also, some mainstream economists make a career out of micro, and they may have some published works on this topic. However, this may also be difficult to locate, since most mainstream economics textbooks only include macroeconomic research and analysis.
The first difference between macro and micro is actually a fairly large one. Basically, macroeconomics is an economic study which studies the global economy, while microeconomics mainly studies the domestic economy. For instance, macroeconomics might look at the effects of a trade deficit on the world economy. Microeconomics, on the other hand, could be concerned with the effects of a trade deficit on a particular country's economy. For instance, if a country has a high level of exports, then the deficit in that country will likely be small, and vice versa if a country has a low level of exports.
This may seem like an oversimplification of the whole concept, but it is a good example of what a difference between macro and micro might be. Basically, macroeconomics may be concerned with how the global economy affects the domestic economy. Whereas, microeconomics is usually more concerned with how the domestic economy affects the global economy. So, while macroeconomics may study how the world economy affects the entire world economy, microeconomics will generally be looking at how the domestic economy affects the global economy.
There are other differences between macro and microeconomics, such as their focus. Some micro economic theories focus more on the effects of certain economic policies, while macroeconomic theorists tend to study the effects of the policies that affect the whole world economy. The effects of these two are often at odds. For instance, a high inflation rate could cause a negative effect on a country's economy, but a high unemployment rate could cause a positive effect. Other economic theories, however, such as the theory of diminishing marginal utility, argue that a high inflation rate will actually reduce the value of money and thus lead to lower consumption, which will ultimately lead to lower consumption. So, a nation's economic policy may cause it to run into trouble if it tries to fight too much inflation with too little unemployment.
Finally, there are also some differences between macro and microeconomics, such as the way that they're classified by their classifications. In general, macroeconomics has a broad focus, meaning that it covers many different economic theories, whereas microeconomics is much more specialized. In fact, macroeconomics would be called a specialization of micro, since . . . . . . it is very broad.