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: https://inomics.com/advice/microecono....

Our comprehensive written definition of microeconomics (https://inomics.com/terms/microeconom...) and macroeconomics (https://inomics.com/terms/macroeconom...) are also available on our website.

For more INOMICS’ education content check out our economics terms section (https://inomics.com/terms) or our video playlist for economics terms definitions (   • Income Elasticity of Demand | Economi...  .

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: https://inomics.com
Facebook:   / inomics  
Twitter:   / inomics  
Instagram:   / inomics  
LinkedIn Group:   / 4304329