What are the Differences Between Microeconomics and Macroeconomics? Microeconomics concerns itself with the economic issues facing individuals or groups of people with commonality, such as the ...

Macroeconomics takes a top-down approach and looks at the economy as a whole to determine its course and nature. Investors can use microeconomics in their investment decisions.

How does Steven Levitt explain the difference between macroeconomics and microeconomics? What is the cornerstone of the scientific method? Why do economists struggle to use this type of process?