Microeconomics

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Related to microeconomic: Microeconomic theory

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

the branch of economics concerned with the study of the behaviour of CONSUMERS and FIRMS and the determination of the market prices and quantities transacted of FACTOR INPUTS and GOODS and SERVICES. Microeconomic analysis investigates how scarce economic resources are allocated between alternative ends and seeks to identify the strategic determinants of an optimally efficient use of resources. See also THEORY OF CONSUMER BEHAVIOUR, THEORY OF THE FIRM, THEORY OF MARKETS, THEORY OF DEMAND, THEORY OF SUPPLY, MACROECONOMICS.
References in periodicals archive ?
In joint work with Anthony Landry, I revisit Engel's variance decomposition using microeconomic data and show the similarity of real exchange rate behavior across traded and non-traded sub-indexes of the CPI is more a reflection of the inadequacies of the CPI data for the purpose at hand than deficiencies of the underlying economic theory.
According to Minister Stavreski, these are microeconomic reforms that envisage modifications to the securities law which would stipulate mandatory listing of joint stock companies meeting certain criteria over a period of five years.
To understand firm and platform competition, theoretical microeconomic models are mostly employed.
Khoman and Weale link the microeconomic decisions to the macroeconomic perspective.
The second story agrees with the first regarding the 1990s, but interprets the subsequent decline in productivity growth as the result of a failure to pursue microeconomic reform with sufficient vigour.
Both authors, along with other theorists, were called in to provide advice on spectrum auctions, which is one of the outstanding policy applications of modern microeconomic theory.
1992): Microeconomic Theory and Applications (4th edition) New York, Harper Collins
The climate for private sector consumption in Saudi Arabia is improving from a macroeconomic as well as a microeconomic perspective.
Tassey's report summarizes methodology lessons learned from approximately 40 retrospective and prospective microeconomic studies conducted by NIST over the past 10 years.
Starting 25 years ago, with generous funding from conservative foundations, the law and economics movement successfully introduced microeconomic theory and the logic of markets to legal scholarship and education.
This assumption is not a weakness but rather a methodological inevitability stemming from the ceteris paribus assumption that anchors all formal models in economic theory, both microeconomic and macroeconomic.
The Government's principle review body on microeconomic policy, the Productivity Commission, will undertake the 12-month enquiry.