I'm not an Economist, but my impression is that the predictions of microeconomics have vast practical applications and the cases where they fail are few, but of

I'm not an Economist, but my impression is that the predictions of microeconomics have vast practical applications and the cases where they fail are few, but of course they get a lot of attention, just like happens in Physics or any science. To be less jargon-y, microeconomics is sometimes called "price theory", and in its basic form models prices as depending on supply and demand.