The previous answers are not correct. Alfred Marhsall is considered by many historians of economics to be the father of Microeconomics. Some even argue that David Ricardo was the father of Economics proper, but I still consider Smith as the father of economics. read more
So we can conclude that John Maynard Keynes is the father of macroeconomics. But I didn't mention who the father of economics is, did I. Well, we can conclude from the above paragraphs that the father of economics is also the father of microeconomics. So, the father of microeconomics is Adam Smith, who coincidentally is also the father of economics. read more
Microeconomics is a branch of economics that studies the behaviour of individual households and firms in making decisions on the allocation of limited resources. Typically, it applies to markets where goods or services are bought and sold. read more