Definition of microeconomics in English:


plural noun

  • treated as singular The part of economics concerned with single factors and the effects of individual decisions.

    • ‘Surprisingly, Democrat presidents have, relatively speaking, become the proponents of fiscal responsibility, free trade, competitive markets and neoclassical microeconomics.’
    • ‘He draws attention to ongoing work on stochastic strategic game process models as a source of insights into the microeconomics of money, financial institutions, efficiency, and inflation.’
    • ‘Our results indicate that voters do respond to economic conditions in a manner consistent with a small set of axioms drawn from microeconomics.’
    • ‘It is unfortunate that the entrepreneur does not play much of a role in microeconomics but what about macroeconomics?’
    • ‘The nature of these relationships has been central to human ecology and geography, microeconomics, and the anthropological and political sciences.’
    • ‘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.’
    • ‘Finally, although this entire talk has been about microeconomics, I must close by pointing out the crucial role of macroeconomics success and failure in inducing life to imitate this particular form of art.’
    • ‘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.’
    • ‘Finally, microeconomics that looks at the effects of information asymmetry points out how this relational imbalance can lead to market failure.’
    • ‘The principles of microeconomics do not have to be repealed to understand these circumstances, just applied appropriately.’
    • ‘There are strong axioms of microeconomics which, adapted to this problem in a manner of analysis familiar to Public Choice students, produce the theoretical grounds for a rational economic voter model.’
    • ‘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.’
    • ‘Over the years, economists have spent much effort to modify the capitalist, perfect-competition, profit-maximizing model of classical microeconomics to fit reality.’
    • ‘Even general theory itself was now compartmentalized into microeconomics and macroeconomics.’
    • ‘When I was in college I took two intro economics courses: macroeconomics and microeconomics.’
    • ‘Ireland excels at macroeconomics, but fails lamentably at microeconomics.’
    • ‘The Americans believe that the state has a role in macroeconomics, but no role in microeconomics.’
    • ‘The introduction of microeconomics into model building has led to complex mathematical issues as far as estimations of various parameters are concerned.’