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Division of Economics

Updated on August 7, 2009

Division of Economics

1. Microeconomics — deals with the economic behavior of individual units such as the consumers, firms and the owners of the factors of production. Such specific economic units constitute a very small segment of the whole economy. Their activities are presented and discussed in details.

2. Macroeconomics — deals with the economic behavior of the whole economy or its aggregates such as government, business and household. An aggregate is composed of individual units. The operations of the various aggregates and their inter­relationships are analyzed to provide a profile of the economy as a whole. Macroeconomics is concerned with the discussion of topics like gross national product, level of employment, national income, general level of prices, total expenditures, etc.


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      Ronald Degino 23 months ago

      Economics is my life!without it I'm nothing:-)

    • profile image

      mariel 2 years ago

      macro and micro is not a divission of economics its a branches of oconomics

    • profile image

      margie 4 years ago

      tama sia macro n micro

    • profile image

      Jean 4 years ago

      it's a branches not a division.

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      PianoPrincess 4 years ago

      MACROECONOMICS & MICROECONOMICS are the branches of economics my teacher told me that.

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      clarice 5 years ago

      i love economics!

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      Ihesha is playing poker! 5 years ago

      please explain

      * Production

      *Distribution

      *exchange

      *consumption

      *public finance

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      jayr 5 years ago

      can you place what is the major topics in economics ? i can't find here in Google .. thanks !

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      joshua 6 years ago

      production, distribution, exchange, consumption, and public finance are the division of economics