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 ?
Finally, we reviewed the CourseSmart (now called VitalSource) website for all microeconomics principles texts available for electronic access to instructors.
Along with the eight concepts mentioned above, the visual "big picture" introduces many other essential microeconomic concepts, and explains how these concepts are related to one another.
There is a stark and unavoidable contradiction between what we want our macroeconomics to explain --persistent large-scale unemployment, desultory growth, price-level instability and the sort of phenomena that neoclassical microeconomics can comfortably accommodate.
The core of the book then consists of seven chapters that address the most common and important distinct topics covered in a typical microeconomics textbook: consumer behaviour, firm behaviour, market structure, externalities, income distribution, government, and international trade.
Microeconomics (26.7%), Mathematical and Quantitative Methods (11.8%), and Labor (11.0%) continue to dominate these journals comprising nearly half of all articles written.
Matching estimates of the treatment effect of taking calculus on performance in microeconomics principles and macroeconomics principles are obtained in two parts.
As social networks represent a new and very popular form of communication among students, the possibility of their use in teaching microeconomics is unquestionable (Herceg et al., 2008).
The data used for this analysis come from the records of the author's ECON 2106 classes (Principles of Microeconomics), spanning seven semesters (Fall 2005 to Fall 2008) and using the same primary textbook.
Nevertheless, 5,781 microeconomics and macroeconomics tests were administered in the initial year.
Some subjects are symplectic spreads containing a regulus, optimal processes in irreversible microeconomics, and algorithms for computing the Myerson value by dividends.
Targeted to students, practitioners, business managers and economists, "The Economics of Antitrust Injury and Firm Specific Damages" examines the fundamentals of microeconomics as it relates to the administration and enforcement of antitrust law in the U.S.
Lastly, Russell Hanser reviews Clifford Winston's Government Failure versus Market Failure: Microeconomics Policy Research and Government Performance as well as the essays collected in Creating Competitive Markets: The Politics of Regulatory Reform, Mark K.