The distinction between microeconomics and macroeconomics can be described in terms of small-scale vs. large-scale or in terms of partial vs. general equilibrium. Perhaps the most important distinction, however, is in terms of the role of equilibrium. While issues in microeconomics seldom challenge the notion of a naturally occurring equilibrium, the existence of business cycles and, especially, unemployment suggests to many observers that macroeconomics raises issues of a different character.
EconModel reference: Macroeconomics.
Classic Economic Models
Interactive presentations of the most important models
in microeconomics and macroeconomics go beyond
anything appearing in a printed-on-paper textbook.
Learn to think like an economist.
Balance of Payments
Endogenous Technical Change
Federal Funds (Fed Funds) Rate
Fixed Exchange Rate
Floating Exchange Rate
Gross Domestic Product (GDP)
Production Possibility Frontier
Reservation Wage Rate
Theory of the Consumer
Theory of the Firm
Velocity of Money