UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB


[X]      QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
         EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2002
                               --------------

[]       TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
         EXCHANGE ACT OF 1934

For the transition period from ___________ to __________

Commission File No. 33-55254-36
                    -----------

                              MICRO-ECONOMICS, INC.
                              ---------------------
             (Exact name of Registrant as specified in its charter)


       NEVADA                                             87-0485314
-------------------------------                      ---------------------
(State or other jurisdiction of                      (I.R.S. Employer
incorporation or organization)                       Identification Number)

1800 E. SAHARA, SUITE 107
LAS VEGAS, NEVADA                                               89104
-----------------------------------------                 --------------
(Address of principal executive offices)                      (Zip Code)

Registrant's telephone number, including area code (801) 485-7775
                                                   --------------


Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days. [X] Yes [] No

Indicate the number of shares outstanding of each of the registrant's classes of
common stock, as of the latest practicable date.

      Class                            Outstanding as of May, 2002
---------------------                  ---------------------------
$.001 PAR VALUE                             1,000,000 SHARES
CLASS A COMMON STOCK






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<PAGE>

                         PART I - FINANCIAL INFORMATION

Item 1.       Financial Statements.

     The  accompanying  unaudited  financial  statements  have been  prepared in
accordance with the instructions to Form 10-QSB and,  therefore,  do not include
all information and footnotes necessary for a complete presentation of financial
position,  results  of  operations,  cash  flows  and  stockholders'  equity  in
conformity  with generally  accepted  accounting  principles.  In the opinion of
management,  all adjustments considered necessary for a fair presentation of the
results of  operations  and  financial  position have been included and all such
adjustments are of a normal recurring nature.  Operating results for the quarter
ended March 31, 2002, are not necessarily  indicative of the results that can be
expected for the year ending December 31, 2002.

Item 2.       Management's Discussion and Analysis of Financial Condition and
              Results of Operations.

     The Company has not received  any income nor  incurred  any expenses  other
than accounting fees, has had limited  operational history and has yet to engage
in business of any kind. All risks inherent in new and inexperienced enterprises
are inherent in the Company's business.  The Company has not made a formal study
of the economic potential of any business.  At the present,  the Company has not
identified any assets or business opportunities for acquisition.

     As of May,  2002,  the Company has no liquidity and no presently  available
capital resources, such as credit lines, guarantees, etc. and should a merger or
acquisition prove unsuccessful, it is possible that the Company may be dissolved
by the State of Nevada for failing to file  reports,  at which point the Company
would no longer be a viable  corporation under Nevada law and would be unable to
function as a legal entity.  Should  management decide not to further pursue its
acquisition activities,  management may abandon its activities and the shares of
the Company would become worthless.  However, the Company's officers,  directors
and major shareholder have made an oral undertaking to make loans to the Company
in amounts  sufficient  to enable it to satisfy its reporting  requirements  and
other  obligations  incumbent on it as a public company,  and to commence,  on a
limited basis,  the process of  investigating  possible  merger and  acquisition
candidates.  The Company's status as a publicly-held corporation may enhance its
ability to locate potential business  ventures.  The loans will be interest free
and are  intended to be repaid at a future  date,  if or when the Company  shall
have received sufficient funds through any business  acquisition.  The loans are
intended to provide for the payment of filing  fees,  printing  and copying fees
and other miscellaneous fees.

     Based on current economic and regulatory  conditions,  Management  believes
that it is possible,  if not probable,  for a company like the Company,  without
assets  or  liabilities,  to  negotiate  a merger or  acquisition  with a viable
private company.  The opportunity arises  principally  because of the high legal
and  accounting  fees and the length of time  associated  with the  registration
process of "going public". However, should any of these conditions change, it is
very possible that there would be little or no economic  value for anyone taking
over control of the Company.

Item 3.  Quantitative and Qualitative Disclosures About Market Risk.

     The  Company  has no market  risk  sensitive  instruments  or  market  risk
exposures.


                                        2

<PAGE>



                              MICRO-ECONOMICS, INC.
                          (A Development Stage Company)
                                 BALANCE SHEETS



<TABLE>
<CAPTION>
                                                                         3/31/02                    12/31/01
                                                                       Unaudited                     Audited
                                                                  -------------------        ------------------
         ASSETS
CURRENT ASSETS
<S>                                                               <C>                        <C>
     Cash in bank                                                 $                 0        $                0
                                                                  -------------------        ------------------

                                        TOTAL CURRENT ASSETS                        0                         0
                                                                  -------------------        ------------------

                                                                  $                 0        $                0
                                                                  ===================        ==================

         LIABILITIES & EQUITY (DEFICIT)
CURRENT LIABILITIES
     Accounts payable                                             $                 0        $                0
                                                                  -------------------        ------------------

                                   TOTAL CURRENT LIABILITIES                        0                         0

STOCKHOLDERS' EQUITY (DEFICIT)
     Common Stock $.001 par value:
      Authorized - 25,000,000 shares
      Issued and outstanding 1,000,000 shares                                   1,000                     1,000
     Additional paid-in capital                                                   666                       666
     Deficit accumulated during
      the development stage                                                    (1,666)                   (1,666)
                                                                  -------------------        ------------------

TOTAL STOCKHOLDERS' EQUITY (DEFICIT)                                                0                         0
                                                                  -------------------        ------------------

                                                                  $                 0        $                0
                                                                  ===================        ==================
</TABLE>

                                        3

<PAGE>



                              MICRO-ECONOMICS, INC.
                          (A Development Stage Company)
                            STATEMENTS OF OPERATIONS

<TABLE>
<CAPTION>
                                                                                                      3/14/90
                                                                        For the three months           (Date of
                                                                             ended March 31,         inception) to
                                                                           2002         2001            3/31/02
                                                                    Unaudited        Unaudited       Unaudited
                                                                    -------------    ------------    -------------


<S>                                                                 <C>              <C>             <C>
Net sales                                                           $           0    $          0    $           0
Cost of sales                                                                   0               0                0
                                                                    -------------    ------------    -------------

                   GROSS PROFIT                                                 0               0                0

General & administrative expenses                                               0               0            1,666
                                                                    -------------    ------------    -------------

                       NET LOSS                                     $           0    $          0    $      (1,666)
                                                                    =============    ============    =============

Net income (loss) per weighted average share                        $         .00    $        .00
                                                                    =============    ============

Weighted average number of common shares
  used to compute net income (loss)
  per weighted average share                                            1,000,000       1,000,000
                                                                    =============    ============
</TABLE>

                                        4

<PAGE>



                              MICRO-ECONOMICS, INC.
                          (A Development Stage Company)
                            STATEMENTS OF CASH FLOWS


<TABLE>
<CAPTION>
                                                                                                     3/14/90
                                                                  For the three months                (Date of
                                                                    ended March 31,               inception) to
                                                               2002              2001                3/31/02
                                                          Unaudited          Unaudited              Unaudited
                                                   -----------------    ------------------      ----------------
OPERATING ACTIVITIES
<S>                                                <C>                  <C>                     <C>
     Net income (loss)                             $                0   $                0      $         (1,666)
     Changes in assets and liabilities:
      Accounts payable                                              0                    0                     0
                                                   ------------------   ------------------      ----------------

                             NET CASH USED BY
                         OPERATING ACTIVITIES                       0                    0                (1,666)

INVESTING ACTIVITIES                                                0                    0                     0
                                                   ------------------   ------------------      ----------------

                             NET CASH USED BY
                         INVESTING ACTIVITIES                       0                    0                     0

FINANCING ACTIVITIES
     Proceeds from sale of common stock                             0                    0                 1,000
     Capital contribution                                           0                    0                   666
                                                   ------------------   ------------------      ----------------

                         NET CASH PROVIDED BY
                         FINANCING ACTIVITIES                       0                    0                 1,666
                                                   ------------------   ------------------      ----------------

                             INCREASE IN CASH
                         AND CASH EQUIVALENTS                       0                    0                     0

     Cash and cash equivalents
     at beginning of year                                           0                    0                     0
                                                   ------------------   ------------------      ----------------

                      CASH & CASH EQUIVALENTS
                             AT END OF PERIOD      $                0   $                0      $              0
                                                   ==================   ==================      ================
</TABLE>



                                        5

<PAGE>



                                   SIGNATURES

     Pursuant to the  requirements  of the  Securities and Exchange Act of 1934,
the  registrant  has duly  caused  this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                        MICRO-ECONOMICS, INC.


Dated: May 1, 2002     /s/     Krista Nielson
                       ----------------------------------------------------
                       Krista Nielson, President, CEO and Director


Dated: May 1, 2002     /s/     Sasha Belliston
                       ----------------------------------------------------
                       Sasha Belliston, Secretary/Treasurer, CFO and Director


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