microeconomics

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mi·cro·ec·o·nom·ics

 (mī′krō-ĕk′ə-nŏm′ĭks, -ēk′ə-)
n. (used with a sing. verb)
The study of how businesses, households, and individuals within an economy allocate limited resources.

mi′cro·ec′o·nom′ic adj.

microeconomics

(ˌmaɪkrəʊˌiːkəˈnɒmɪks; -ˌɛkə-)
n
(Economics) (functioning as singular) the branch of economics concerned with particular commodities, firms, or individuals and the economic relationships between them. Compare macroeconomics
ˌmicroˌecoˈnomic adj

mi•cro•ec•o•nom•ics

(ˌmaɪ kroʊˌɛk əˈnɒm ɪks, -ˌi kə-)

n. (used with a sing. v.)
the branch of economics dealing with particular aspects of an economy, as the price-cost relationship of a firm. Compare macroeconomics.
[1945–50]
mi`cro•ec`o•nom′ic, adj.

microeconomics

the division of economics dealing with particular aspects of an economy, as the price-cost relationship of a business. Cf. macroeconomies. — microeconomist, n. — microeconomic, adj.
See also: Economics

microeconomics

A branch of economics dealing with the study of units within the economy, e.g. firms, markets, and individual consumers.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.microeconomics - the branch of economics that studies the economy of consumers or households or individual firmsmicroeconomics - the branch of economics that studies the economy of consumers or households or individual firms
economic science, economics, political economy - the branch of social science that deals with the production and distribution and consumption of goods and services and their management
Translations

microeconomics

[ˈmaɪkrəʊˌiːkəˈnɒmɪks] NSINGmicroeconomía f

microeconomics

[ˌmaɪkrəˌiːkəˈnɒmɪks] nmicroéconomie f, micro-économie f

microeconomics

[ˌmaɪkrəʊˌiːkəˈnɒmɪks] nsgmicroeconomia
References in periodicals archive ?
The Court rejected the plaintiff's evidence that was inconsistent with neoclassical price theory even though it was consistent with respectable economic theory about Japanese commercial conduct as motivated by dynamic long-term interests in maximizing market share rather than neoclassical price theory's static short-term view of maximizing profits.
Lewis's application of price theory to the demand and supply of unionism and Gary Becker's dissertation on racial discrimination." [7]
Part 1 deals with basic tools of price theory and economic reasoning, while Part 2 covers common law, with chapters on tort, contract, and property.
He demonstrates his claim on the basis of causal-realist price theory in the tradition of Menger, Bohm-Bawerk, Mises, Robbins, Wicksteed, and Rothbard.
According to reference price theory (Monroe, 1973), internal and external reference prices are used jointly in consumer purchase decisions (Bodur, Klein, & Arora, 2015; Mazumdar, Raj, & Sinha, 2005).
Bauer's great advantage was that unlike many economists he understood "price theory," as we called it in the good old days at the University of Chicago (e.g., McCloskey 1985).
Schumpeter's Price Theory, by Harry Bloch, London and New York, Routledge Taylor and Francis Group, 2018, xiii+174 pp., US$112 (hardcover), ISBN 978-1-138-85037-8
However, they no longer learn price theory, which analyzes the critical role that relative prices play in guiding human decision making and the necessary adjustments on multiple margins that are required for adapting to changing circumstances.
(In Chicago parlance, the term for macroeconomics is Money; the term for microeconomics is Price Theory.) Instead, my fields were agricultural economics, which was my assignment from the UP School of Economics, my employer, and econometrics, which I chose myself.
Or, how can a price that is "too low" or "irrational"--for it implies losses--be judged in the absence of a price theory? Moreover, isn't it a valid claim that low prices benefit the consumers?
There doesn't seem to be much in Greening of Capitalism that good old-fashioned price theory can't handle.
Some of the material here (price theory, banking, and experimental economics) is covered in other collections.