Micro and macro economics
Micro economics Micro means a small part of a thing. micro economics thus deals with a small part of the national economy. It studies the economic actions and behaviour of individual units such as an individual consumer, individual producer or a firm etc. Macro economics Macro economics is the branch of economics which analyses the entire economy. It deals with the total employment, national income, total consumption, total savings, general price level interest rates , inflation, trade cycles, business fluctuations etc. thus, macro economics is the study of aggregates.