Microeconomics is one of the major focus areas within the academic field of economics. While the scope and methods of microeconomics can be complex, its overall focus is relatively straightforward.

Both microeconomics and macroeconomics involve examining economic behavior, but they differ in terms of the scale of the subjects being studied. Microeconomics is the field of economics that looks at ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Erika Rasure is globally-recognized as a ...