Question

it is necessary to take a course for both microeconomics and macroeconomics? If not, which course would be more important to take?

Answer 1

Micro-economics and macro-economics are both equally important and very much related to each other.

Taking up just one and leaving the other would be like leaving half a book unread.

Micro-economics deals with economic matters at smaller individual level.
--Theories of Demand and Supply,
--Concept of Consumer Behaviour.
--Concept of Behavior of Cost,
--Other economics concept,
These are all part of Micro Economics.

Macro Economics, on the other hand, deals with wider level.
--Unemployment/EMployement issue,
--National Income, Gross National Product, Gross Domestic Product concepts,
--Government economics policies,
These are all studied at Macro economics level.

Hence, both the courses are equally important.