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 ?
Behind the smooth path of macroeconomic aggregates, there is a very active microeconomic world.
Duality is the heart of advanced microeconomics. It exists everywhere throughout advanced microeconomics, from the beginning of consumer theory to the end of production theory.
Chairman UBG Iftikhar Ali Malik and Patron-in-Chief SM Muneer said in a joint statement that microeconomic stability has been achieved and now government should consider increasing the pace of reforms.
Pincus, Public Choice Theory had Negligible Effect on Australian Microeconomic Policy, 1970s to 2000s '.
It is believed that changes in microeconomic and macroeconomic factors contributed to the pullout.
On the other hand, Chapter 7 stands out with its qualitative approach, documenting the key microeconomic reforms over the last few decades and identifying areas where further reform is needed.
It aims to facilitate access to credit and financial services to the public and private firms and mitigate vulnerability to macroeconomic and microeconomic shocks by strengthening the capabilities of Suriname's Central Bank to supervise financial institutions and enforce regulations meeting international standards.
"We expect the talks to focus on the financial sector reform, the microeconomic and fiscal performance and outlook and some other structural reforms," he concluded.
He stressed the crisis in the country is not an economic one as the microeconomic indicators are stable, due to the strict fiscal policy and the established fundamental "culture of stability on the backdrop of the currency board."
Other papers in this volume include: a study of individual prices over time, which draws out the implications of observed price adjustment for macroeconomic models of price stickiness; a focus on the implications of microeconomic estimates of labor supply for the determination of employment rates; a study of the empirical validity of the Keynesian explanation for employment declines during recessions; and an analysis of how efficient the fiscal stimulus has been as measured by the economic impact of changes in federal highway spending across U.S.
But we should be devoting as much attention to the microeconomic problems -- such as poor incentives, market failures and regulatory shortcomings -- that led us into the crisis in the first place.
We joined the WTO much earlier than Russia did, so, there are big differences between our laws and microeconomic policies.