Definitions
from The American Heritage® Dictionary of the English Language, 5th Edition.
- noun The study of how businesses, households, and individuals within an economy allocate limited resources.
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun That field of
economics that deals withsmall-scale economic activities such as that of the individual or company.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- noun the branch of economics that studies the economy of consumers or households or individual firms
Etymologies
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Examples
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There is a need for a course in microeconomics, that goes beyond the standard economics course, addressing the great need for basic money management, budgeting, interest acccumulation and preparation for retirement.
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In the past year, the company has snagged leading talents in microeconomics, Web search and artificial intelligence ...
Your Next Job?, Arnold Kling | EconLog | Library of Economics and Liberty 2009
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Classes in microeconomics and macroeconomics are no longer adequate — students are demanding more in-depth offerings, administrators say.
Liberal Arts Colleges Adding More Business-Focused Options 2008
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Classes in microeconomics and macroeconomics are no longer adequate — students are demanding more in-depth offerings, administrators say.
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And perhaps most importantly, it is a source of great satisfaction that the work on the informational structure of markets seems to have taken hold in microeconomics and that it has had some influence in other disciplines.
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When I returned to pursue the PhD degree, I took a field in microeconomics with Armen and he also served as chairman of my dissertation committee.
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Game theory is appealing because it is supposed to be useful, unlike most microeconomics, which is often mired in hard-to-interpret equations.
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He's a very rigorous economist, and I think did the best job of developing the notion that if you change tax rates you change incentives, and that you have to look at this from what is called microeconomics; that is, from the individual consumer or firm, and that your management of the macroeconomy has to be built on firm microeconomic views.
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In microeconomics, which is the study of how individuals and firms interact in specific markets, certain truths are self- evident.
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Furthermore, because of the artificial division of economics into "microeconomics" and "macroeconomics," economists who choose the more-popular "micro" fields have almost no contact at all with monetary theory, save a class or two from graduate school in which a near-pure quantity theory prevails.
LewRockwell.com 2008
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