Microeconomics

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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 ?
"There are also micro-economic reasons why Wales needs to export.
The negotiations were facilitated by the African Union High Level Implementation Panel (AUHIP), chaired by former South African President, Thabo Mbeki, the parties considered general micro-economic issues, oil, Sudan foreign debt and currency and banking issues
Ali said, "Our mid-year results come as a consequence of local and global micro-economic and macro-economic factors.
micro-economic and macro-economic factors," KAMCO' Managing Director and CEO,
The agency noted that the insurer still enjoys good and potentially improving business and financial profiles at a micro-economic level.
It has become an annual feature story for several large media outlets, and is often cited as a success in developing micro-economic survival strategies for Palestinian villages.
Private sector development is hinged on micro-economic interventions for facilitating private sector operations, including modernised farming, fisheries, as well as interventions in the growth areas of ICT applications, agro-processing, other value addition ventures and tourism.
This comprehensive course not only looks at the micro-economic detail of individual firms but also the larger macro-economic picture in the UK, using specific industries as case studies.
A contemporaneous approach in macroeconomic modelling is based on micro-economic foundations.
Designed for students and researchers in the field of nonlinear macro and micro-economic modelling, this book also includes analyses of delayed dynamical systems.
The book nicely examines the micro-economic character of different economic variables and affords a close understanding of macro-economic environment in which all these variables operate.
The School of Management Studies at AUW has organized the seminar which included papers on "Macro-economic conditions for Global Competitiveness" and "Micro-economic Conditions For Global Competitiveness".

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