Is public economy micro or macro
In contrast to • macroeconomics, microeconomics deals with individual economic subjects (households, companies, public authorities), their income, consumption, etc., as well as their economic behavior. The main areas are household, production and price theory.
In socialist economics: Theories of economics, in which explanations of connections start directly with the behavior of the individual economic subjects.
Microeconomics is based on the assumption that economic agents behave rationally, i.e., under the given legal, temporal and other factual restrictions, use their scarce resources in such a way that the goals they have chosen are realized as well as possible. The focus is on market processes such as pricing, competition or division of labor within companies, etc.> Macroeconomics,> Economics, politics, economics
In economic sociology: Term for theories of the economic behavior of the individual economic subject (household, company) as supplier and customer in various markets. The behavior is analyzed in particular in its dependence on the respective market forms. Special forms of microeconomics are production, price and consumption theories. In contrast, macroeconomics deals with the aggregates of the variables resulting from individual behavior. Macroeconomics include the economic cycle, business cycle and growth.
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