<p>Macroeconomics. Microeconomics studies the decision makings of individual agents (a consumer, a household, a company, etc.).</p>

CC BY-SA 4.0
2023-02-14T10:43:41.573Z
2023-02-14T10:43:41.573Z
Giskard
<p>As the previous answer correctly states it is macroeconomics. Just let me add more detail.</p>
<p>Microeconomics, studies the decision making of individual agents in one market at a time.</p>
<p>In macroeconomics we also study behavior of agents (e.g. representative consumer, firm etc) but we do it across multiple markets.</p>
<p>If you would study only employment at a market for fast food workers that would be microeconomics. However, when you do that for a country as a whole (which counts unemployment in all formal markets) then you are doing macro.</p>

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2023-02-15T10:17:53.203Z
"decision making of individual agents in one market at a time" seems overly restrictive, as it would exclude general equilibrium theory from microeconomics.
VARulle
CC BY-SA 4.0
2023-02-15T23:37:53.337Z
@VARulle well it is the definition you will find in standard textbooks such as Mankiw macro. In addition tot extbooks it is the definition lets say IMF and other economic organization use: https://www.imf.org/en/Publications/fandd/issues/Series/Back-to-Basics/Micro-and-Macro.  I know that AEA JEL codes classify general equilibrium models as micro, but I believe that is because of all the micro-foundations that make it esentialy micro model even if technically under textbook definition it would be macro
1muflon1
CC BY-SA 4.0
2023-02-14T14:00:41.277Z
2023-02-14T14:00:41.277Z
1muflon1
<p>I have a project to do for school at macroeconomy and I want to know if it's correct to talk about the unemployment rate of a county(if this is micro or macro economy).</p>

<macroeconomics><microeconomics>
If I were to talk about the unemployment rate of a county in a country, is it microeconomy or macroeconomy?
John
# If I were to talk about the unemployment rate of a county in a country, is it microeconomy or macroeconomy?

(Asked by: username_0 on 2023-02-14)

I have a project to do for school at macroeconomy and I want to know if it's correct to talk about the unemployment rate of a county(if this is micro or macro economy).

**Tags:** macroeconomics, microeconomics


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## 2 answers

### Answer by username_1 on 2023-02-14. Score: 1

Macroeconomics. Microeconomics studies the decision makings of individual agents (a consumer, a household, a company, etc.).


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### Answer by username_2 on 2023-02-14. Score: 0

As the previous answer correctly states it is macroeconomics. Just let me add more detail.

Microeconomics, studies the decision making of individual agents in one market at a time.

In macroeconomics we also study behavior of agents (e.g. representative consumer, firm etc) but we do it across multiple markets.

If you would study only employment at a market for fast food workers that would be microeconomics. However, when you do that for a country as a whole (which counts unemployment in all formal markets) then you are doing macro.

> **Comments:**
> **username_3**: "decision making of individual agents in one market at a time" seems overly restrictive, as it would exclude general equilibrium theory from microeconomics.  
> **username_2**: @username_3 well it is the definition you will find in standard textbooks such as Mankiw macro. In addition tot extbooks it is the definition lets say IMF and other economic organization use: https://www.imf.org/en/Publications/fandd/issues/Series/Back-to-Basics/Micro-and-Macro.  I know that AEA JEL codes classify general equilibrium models as micro, but I believe that is because of all the micro-foundations that make it esentialy micro model even if technically under textbook definition it would be macro  

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