
Global markets instinctively respond to events impacting the economy, such as natural disasters, economic recessions, and pandemics. The rules and principles of two interdependent categories of economics — microeconomics and macroeconomics — govern economies of all sizes. To learn more, check out the infographic below, created by Maryville University’s online Bachelor of Arts in International Studies program. Microeconomics vs. Macroeconomics: What’s the Difference? Microeconomics and macroeconomics are two distinct categories of economics that complement each other. Key Terms to Know Microeconomics is the study of individual and business decisions regarding the allocation of resources and prices of goods and services. The term also […]