Two kinds: Micoreconomics or Macroeconomics. Micro deals with the supply and demand equation of individuals, families, companies, or industries. this branch of economics that analyzes the market behavior of individual consumers and firms in an attempt to understan the decision making process of firms and households. It is concerned with the interaction betweeen individual buyers and sellers and the factors that influence the choices made by nuyers and sellers.. in particular, microeconomics focuses on patterns of supply and demand and the dertmination of price an doutput in individual marktets.
Macro concerns itself with the economies of cities, countries, or the world. Mircro is less glamorous than macro but is a little more practival. this branch examines economy wide phenomena such as changes in unemployment, national income, rate of growth, gross domestic products, inflation and price levels.
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