macroeconomics vs. microeconomics

macroeconomics

[mak-roh-ek-uh-nom-iks, -ee-kuh-] / ˌmæk roʊˌɛk əˈnɒm ɪks, -ˌi kə- /

noun

(used with a singular verb)

the branch of economics dealing with the broad and general aspects of an economy, as the relationship between the income and investments of a country as a whole.

microeconomics

[mahy-kroh-ek-uh-nom-iks, -ee-kuh-] / ˌmaɪ kroʊˌɛk əˈnɒm ɪks, -ˌi kə- /

(used with a singular verb)

the branch of economics dealing with particular aspects of an economy, as the price-cost relationship of a firm.