Oh.
Well.
Neither one is something you 'believe in', per se, and they're certainly not mutually exclusive, as your post seemed to suggest.
This is coming from a short reading of their articles on Wikipedia, and I'm not an expert on the subject, but I think it's pretty obvious what they are. Microevolution is evolution on a small scale, concerning the mutations that make an individual species adapt. The term 'allele frequency'- how prevalent a certain trait is- is used a lot. Macroevolution concerns the sum of these mutations and is more about the adaptations of all the species in an environment.
The assumption that you don't know all this already comes from the question of which one we 'believe in'. Which, given what they are, makes no sense at all. They're two different approaches to the study of evolution. They're not really separate theories.