microeconomic policy

microeconomic policy

the setting of specific objectives by the government for particular markets or industries and the use of control instruments to achieve those objectives. Microeconomic objectives focus upon the efficiency with which resources are allocated and ways in which impediments to efficient resource allocation such as, for example, MONOPOLY distortions or the slow adjustment of industry capacity to market demand, might be overcome through COMPETITION POLICY and INDUSTRIAL POLICY. See REGIONAL POLICY, ECONOMIC POLICY, MACROECONOMIC POLICY.
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Meanwhile, Jatiya Sangsad Speaker Dr Shirin Sharmin Chaudhury returned home Thursday night from Delhi after joining the Microeconomic Policy and Capacity Building Workshop for Legislators in South Asia.
As former National Minister Steven Joyce notes, this Government is currently rearranging, often negatively, not one or two but nearly every aspect of microeconomic policy.
Director of the Microeconomic Policy Division at the UN Economic Commission for Africa (ECA), Dr.
Meanwhile, with respect to microeconomic policy, he instructed the government to abolish controls on prices and distribution.
The author has organized the twenty-nine chapters that make up the main body of his text in nine parts devoted to supply and demand; market efficiency, market failure, and the public system; households and market structure; input markets and microeconomic policy issues, macroeconomic foundations, and a wide variety of other related subjects.
"We need to reform African educational institutions to enhance innovation while making efforts to bring local entrepreneurs on board so that their firms can play a role in extending practical and vocational skills," said Adam Elhiraika, Director of Microeconomic Policy Division at the UN Economic Commission for Africa (ECA).
Pincus, Public Choice Theory had Negligible Effect on Australian Microeconomic Policy, 1970s to 2000s '.
They cover the economics of behavior and choice; welfare and microeconomic policy; complexity and computation in economics; evolution and evolutionary economics; macroeconomics; and the economics profession, the media, and the public.
Two of the ideas are in macroeconomics, the part of economics that studies Gross Domestic Product, inflation, and unemployment; one idea is in finance; and two ideas are in microeconomic policy.
Moreover, economic efficiency and equity in the distribution of income are two other performance measures that are affected by microeconomic policy. These are just two of a number that could be cited.
And the creation of conditions conducive to growth and employment should be...the objective of microeconomic policy."
This category of policies has not traditionally been given a single name but might best be called "microeconomic policy." Historically, this has been the heroic side of economic policy: The Louisiana Purchase may have been a shrewd maneuver for continental expansion, but it was also a jobs program for landless citizens eager to carve their own farms in the wilderness--which is how Jefferson sold the treaty to Congress.