New classical macroeconomics strives to provide neoclassical microeconomic foundations for macroeconomic analysis. The core modules are usually in microeconomic theory, macroeconomic theory and econometrics. This demographic shift brings about both macroeconomic and microeconomic problems. It has both microeconomic and macroeconomic aspects. This helps in analyzing both macroeconomic and microeconomic conditions. These analyses are both at the microeconomic and macroeconomic level. They can be divided into two categories&colon; macroeconomic and microeconomic. This journal publishes papers covering in applied economics, primarily on empirical microeconomic issues. He was also teaching graduate courses in economics of development, microeconomic theory and contract theory. Behavioral models typically integrate insights from psychology, neuroscience and microeconomic theory. Chris Auld posits that Keen's critique of perfect competition misconstrues microeconomic theory. This journal publishes papers on microeconomic theory. This model of microeconomic theory is referred to as revealed preference theory. Both methods rely on microeconomic analysis of data rather than specific transactions. VAT and a non-VAT have the same implications on the microeconomic model.