Microeconomics is the study of the behavior of individual units, firms, households or persons in the economy. If [[macroeconomics]] is the study of the "forest", then microeconomics is the study of the trees. | Microeconomics is the study of the behavior of individual units, firms, households or persons in the economy. If [[macroeconomics]] is the study of the "forest", then microeconomics is the study of the trees. |