Micro economics is divided into three types. They are as follows:
1. Micro Statistics
2. Comparative Micro Statistcs
3. Micro Dynamics
It is that method of analysis which deals with relationships between two or more micro variables at a given time. It studies the equilibrium price of a commodity at a time, assuming that there is no change in demand and supply conditions. In this, we don't study the process by which demand and supply reaches equilibrium. It studies only the relationship between micro variables.
It makes a comparative study of the relationship between the micro variables and equilibrium positions, without explaining how the new equilibrium is attained or what happens during the transition from one equilibrium to another.
This particular type of micro economics, studies the process by which the economy reaches from one equilibrium to another. it explains continuously about the disequilibrium position before the final equilibrium is attained.