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[1] [2] [3] Microeconomics focuses on the study of individual markets, sectors, or industries as opposed to the economy as a whole, which is studied in macroeconomics. One goal of microeconomics is to analyze the market mechanisms that establish relative prices among goods and services and allocate limited resources among alternative uses [4 ...
Pages in category "Microeconomics" The following 38 pages are in this category, out of 38 total. This list may not reflect recent changes. ...
A microeconomic model of price-setting oligopoly which studies what happens when there is a homogeneous product (i.e. consumers want to buy from the cheapest seller) where there is a limit to the output of firms which they are willing and able to sell at a particular price. This differs from the Bertrand competition model where it is assumed ...
Economists generally specialize into either macroeconomics, broadly on the general scope of the economy as a whole, [1] and microeconomics, on specific markets or actors. [2] Within the macroeconomic mainstream in the United States, distinctions can be made between saltwater economists [a] and the more laissez-faire ideas of freshwater economists.
In microeconomics, the law of demand is a fundamental principle which states that there is an inverse relationship between price and quantity demanded. In other words, "conditional on all else being equal , as the price of a good increases (↑) , quantity demanded will decrease (↓) ; conversely, as the price of a good decreases (↓ ...
Pages in category "Microeconomic theories" The following 14 pages are in this category, out of 14 total. This list may not reflect recent changes. C.
The earlier term for the discipline was "political economy", but since the late 19th century, it has commonly been called "economics". [22] The term is ultimately derived from Ancient Greek οἰκονομία (oikonomia) which is a term for the "way (nomos) to run a household (oikos)", or in other words the know-how of an οἰκονομικός (oikonomikos), or "household or homestead manager".
This is a list of important publications in economics, organized by field. Some basic reasons why a particular publication might be regarded as important: Topic creator – A publication that created a new topic; Breakthrough – A publication that changed scientific knowledge significantly