[
UK
/mˌaɪkɹəʊˌiːkənˈɒmɪks/
]
[ US /ˌmaɪkɹoʊˌɛkəˈnɑmɪks/ ]
[ US /ˌmaɪkɹoʊˌɛkəˈnɑmɪks/ ]
NOUN
- the branch of economics that studies the economy of consumers or households or individual firms
How To Use microeconomics In A Sentence
- Ireland excels at macroeconomics, but fails lamentably at microeconomics.
- Moreover, institutions, along with concepts from the new microeconomics such as bounded rationality and imperfect information, are now in vogue, which is all to the good.
- Even general theory itself was now compartmentalized into microeconomics and macroeconomics.
- Introducing the knowledge on microeconomics into grid computing , a dual - scheme resource assignment model is therefore developed.
- This contrast reflects in part a difference between the U.S. and Australian economics professions at that time: microeconomics was regarded as the core of the discipline in most places in the United States.
- Many mainstream economists would like to unify macroeconomics and microeconomics, but few economists are satisfied with the attempts that have been made to do so.
- Yet every economics student knows that when you start out in pursuit of the dismal science, you are given two textbooks: one about microeconomics and one about macroeconomics.
- Upon these axioms the whole structure of microeconomics is based, and the rest of economics generally follows.
- Yet every economics student knows that when you start out in pursuit of the dismal science, you are given two textbooks: one about microeconomics and one about macroeconomics.
- Over the years, economists have spent much effort to modify the capitalist, perfect-competition, profit-maximizing model of classical microeconomics to fit reality.