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 ?
According to neoclassical microeconomic theory, the minimum cost function is the result of a profit maximizing process.
The Chicago school also questioned other antitrust policies, essentially claiming that they were not based on solid microeconomic theory.
We have shown that for linear demand and cost curves, otherwise complex problems of intermediate level microeconomic theory can be represented diagrammatically following the procedure outlined here.
These materials could easily be required reading in a college industrial organization or microeconomic theory course.
Farmer starts the book with the premise that since macroeconomics deals with the behavior of the economy as a whole, hence the natural foundation for macroeconomics lies in the microeconomic theory of general equilibrium.
After introductory materials on distributional ideology and distributional statistics, he presents both the macroeconomic and microeconomic theory of distribution.
Advanced Microeconomic Theory, Englewood Cliffs, NJ: Prentice Hall, 1991.
These historical changes mean, according to microeconomic theory, that responses to the RAND plans today might well differ from those RAND measured.
Harvard Professor of Economics and the first woman to win the prestigious American Economic Association's John Bates Clark medal, awarded to the most accomplished American economist under age 40, for her contributions to industrial organization, econometrics, microeconomic theory and auctions.
Applying microeconomic theory (and without bombarding the reader with mathematics), the author argues that labor market conditions affect the value of time in the household and consequently the supply and demand of spousal labor.
Consequently, care must be exercised in drawing MRP or VMP curves in microeconomic theory courses.
Professor Athey is an expert in a broad range of economic fields - including industrial organization, econometrics, microeconomic theory, and auctions - and has used game theory to examine firm strategy when firms have private information.