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Microeconomics
(redirected from microeconomic)

   Also found in: Dictionary/thesaurus, Medical, Encyclopedia, Wikipedia 0.01 sec.
Microeconomics
Analysis of the behavior of individual economic units such as companies, industries, or households.

Microeconomics
The study of the behavior of individuals, companies, and industries. That is, macroeconomics studies economic decisions at the individual and small unit level. It does not look at the function of larger data sets like GDP or national debt. It is useful in helping determine what motivates individual buyers and sellers to do what they do. See also: Macroeconomics, Bottom-up investing.

Microeconomics

What Does Microeconomics Mean?

The branch of economic study that analyzes the market behavior of individual consumers and firms in an attempt to understand their decision-making processes; it focuses on the interaction between individual buyers and sellers and the factors that influence the choices they make, particularly the trends of supply and demand and the determination of price and output in individual markets.

Investopedia explains Microeconomics

Economics can be separated into two fields of study: microeconomics and macroeconomics. Microeconomics looks at the smaller picture and focuses more on basic theories of supply and demand and how businesses make production and pricing decisions. People who are starting their own businesses or who want to learn the rationale behind the pricing of particular products and services would find this approach helpful. Macroeconomics, in contrast, looks at the big picture (hence the prefix “macro”). It focuses on the national economy as a whole and provides a basic knowledge of how things work in the business world. For example, macroeconomists analyze and interpret Gross Domestic Product or unemployment figures. This perspective provides an overall view of the entire economy. Together, microeconomics and macroeconomics are powerful tools.

Related Terms:
Fundamental Analysis
Gross Domestic ProductGDP
Macroeconomics
Quantitative Analysis
Technical Analysis



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The author notes that post Keynesian examinations of monetary production haven't paid much attention to households and institutions and that much of feminist economics literature focuses on households in a microeconomic context only.
Thus, there are tremendous opportunities available to work in the direction of making market research of microeconomic and macroeconomic conditions for making future investments plan and strategy.
Research on market design is influenced by ideas from industrial organization and microeconomic theory; it brings together theoretical, empirical, and experimental methods, with an aim of studying policy-relevant tradeoffs with practical consequences.
 
 
 
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