microeconomics

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microeconomics

the branch of economics concerned with particular commodities, firms, or individuals and the economic relationships between them
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References in periodicals archive ?
The use of CBA relies on microeconomic theory and does not reach the indicators of macroeconomic performance that people care about.
But when two campus police officers, one working for the FBI, paid him a visit on the afternoon of October 24, they weren't interested in discussing his microeconomic theory.
In microeconomic theory, actual vacancy can be eliminated by market activity that affects the level of demand, supply, or both.
Yet Viner's emphasis on the empirical relevance of microeconomic theory and on the necessity of testing theory against historical and other empirical evidence had a greater long-term impact on Stigler's scholarship (Becker 1993b, 761).
Because the analysis is based on dynamic microeconomic theory, some aspects are necessarily technical.
Homework assignments required analysis of why an increase in the number of physicians had not lowered health care costs in the way microeconomic theory would have predicted.
The ideological impetus for parental school choice is public choice economic theory which is nothing more than an application of microeconomic theory to problematic issues within the public domain.
Obviously, the replacement of central planning with a market-oriented system implies the need for basic neoclassical microeconomic theory and the tools that support a market-oriented system--financial accounting, marketing and information systems, human resource management, and operations management.
This article argues that using a representative agent model derived from microeconomic theory to capture the supply side of the model is unrealistic, mainly because insurers base their pricing behavior on expectations and because firms are inherently heterogeneous.
Abere has also held positions at Columbia University, New York University, and Rutgers University, where he has taught courses in industrial organization, microeconomic theory, and the economic analysis of law.
This textbook, intended for upper level undergraduate students, shows students how to apply microeconomic theory to business practices.
Accepted methodology in the field of appraisal, aka valuation, imbues the microeconomic theory of sunk costs.