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TeachMeFinance.com - explain microeconomics microeconomics -- the study of economics in terms of individual areas of activity, such as the economics of a firm, a household, or of single economic components such as prices. not to be confused with macroeconomics -- the study of economics in terms of whole systems, especially with reference to general levels of output and income and to the interrelations among sectors within the economy. See microeconomics. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.