Microeconomics

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High Quality Content by WIKIPEDIA articles! Microeconomics is a branch of economics that studies how households and firms make decisions to allocate limited resources, typically in markets where goods or services are being bought and sold. Microeconomics examines how these decisions and behaviours affect the supply and demand for goods and services, which determines prices; and how prices, in turn, determine the supply and demand of goods and services. This is a contrast to macroeconomics, which involves the "sum total of economic activity, dealing with the issues of growth, inflation and unemployment, and with national economic policies relating to these issues". Macroeconomics also deals with the effects of government actions (such as changing taxation levels) on them. Particularly in the wake of the Lucas critique, much of modern macroeconomic theory has been built upon 'microfoundations' i.e. based upon basic assumptions about micro-level behaviour.

Weitere Informationen

  • Allgemeine Informationen
    • GTIN 09786130217341
    • Editor Frederic P. Miller, Agnes F. Vandome, John McBrewster
    • Sprache Englisch
    • Größe H220mm x B150mm x T10mm
    • Jahr 2009
    • EAN 9786130217341
    • Format Kartonierter Einband
    • ISBN 978-613-0-21734-1
    • Titel Microeconomics
    • Untertitel Economics, Supply and demand, Macroeconomics, Economic growth, Inflation, Unemployment, Tax, Microfoundations, Lucas critique, Market, Price, Uncertainty, Game theory, Elasticity (economics)
    • Gewicht 262g
    • Herausgeber Alphascript Publishing
    • Anzahl Seiten 164
    • Genre Wirtschaft

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