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 ?
In this way, Hill and Myatt's catalogue of the many specific failures of neoclassical microeconomics should hopefully whet the appetite of critical thinking students to pursue completely different, heterodox explanations of how the economy actually works.
An indicator variable for macroeconomics (microeconomics) principles taken before microeconomics (macroeconomics) is assumed to capture the effect of prior economics coursework (MACBMIC and MICBMAC).
The first question in this part is whether the students use social networks for discussion about microeconomics.
Market, demand, supply, prices, quantities and incentives are the most important concepts in microeconomics.
1] For example, in the introductory microeconomics course, an understanding of firm behavior in resource markets can be enhanced by reminding students of the results established for firm behavior in product markets.
They have, however, been hampered by a lack of empirical studies based on microeconomics data--the tools that are needed to formulate and evaluate sound policies.
If market forces combined with enlightened actions by local governments work in an ideal combination, there is a chance that new clusters of venture businesses will form to create microeconomics, full of vitality, and relatively self-sufficient, as has happened in the US.
They are widely recognised as two of the best economists in Canada, with Prof Blackorby known for his work in areas such as microeconomics theory, social choice, welfare economics and public finance.
I was convinced that not only his particular conclusions but the whole formulation of macroeconomics was wrong, so I wanted to demonstrate that we had to return to microeconomics.
Ferguson, with whom he collaborated on a series of professional articles and on one of the most successful intermediate microeconomics textbooks of its time, Economic Analysis (R.
I doubt there exists a professor teaching microeconomics who does not routinely demonstrate this characteristic of fixed-weight price indexes to his or her classes.
My own impression is that Chayanov (who disappeared during Stalin's purges of the 1930s) won but a narrow following among anthropologists in the 1960s, picked up a couple of contributors to the American Historical Review in the early 1970s, and was denounced in the same decade by Marxist rural historians who could not stomach his individualistic microeconomics.