Microeconomics is one of the major focus areas within the academic field of economics. While the scope and methods of microeconomics can be complex, its overall focus is relatively straightforward.

The study of microeconomics focuses on individuals and businesses, while macroeconomics focuses on the decisions made by governments and countries. In macroeconomics, we examine the economy as a whole ...

Microeconomics explains how supply and demand determine prices; shifts in either affect pricing inversely. Investors gain from understanding microeconomics, identifying monopolistic markets and ...

Microeconomics is the study of individual choices in markets. In microeconomics, we consider the role consumers and businesses play in the economy and how consumers and businesses make their economic ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Erika Rasure is globally-recognized as a ...

Both microeconomics and macroeconomics involve examining economic behavior, but they differ in terms of the scale of the subjects being studied. Microeconomics is the field of economics that looks at ...