This document discusses microcytic hypochromic anemias and the laboratory approach used to diagnose them. It defines anemia and outlines the grading system used by the WHO. It then describes the clinical findings, types, and laboratory tests involved in evaluating microcytic hypochromic anemias, focusing on iron deficiency anemia and anemia of chronic disease. The key laboratory findings and bone marrow features of each condition are presented. Case studies are also included to demonstrate how the laboratory results can help arrive at a diagnosis.