Microeconomics is the study of individuals, households and companies choices in making and allocating resources. Microeconomics is the decision one makes and the factors that effect their choice and how their decisions changes the goods market by affecting the prices, supply and demand.
Macroeconomics is the study of the general economics in a national area. This form of economics involves studying economic and government behavior. Macroeconomics involves observing things such as inflation, price levels, rate growth, national income, gross domestic product and changes in unemployment.