Microeconomics & Macroeconomics | Definitions, Differences and Uses

Watch INOMICS’ concise video explaining what microeconomics and macroeconomics are, what the difference is and what are their uses. This video includes a full definition of each, a guide of what is covered in microeconomics and macroeconomics and it discusses how the two disciplines can be used in conjunction. 00:00 Economics Defined and Split 00:23 Microeconomics definition and uses 00:49 Macroeconomics definition and uses 01:15 Extra differences 01:27 Should you study microeconomics or macroeconomics? 01:37 Microfoundations of macroeconomics and the links between disciplines 02:27 Conclusion Do you want more information on which class to take first, microeconomics or macroeconomics? Check out our article here: Our comprehensive written definition of microeconomics () and macroeconomics () are also available on our website. For more INOMICS’ education content check out our economics terms section () or our video playlist for economics terms definitions ( INOMICS is the site for economists – subscribe to our YouTube channel now for more economics content, advice, and news. At INOMICS, we support your career journey from finding degree programs and scholarships, courses and conferences, right through to getting top senior jobs in academia and industry. Follow us on social media: Website: Facebook: Twitter: Instagram: LinkedIn Group: