microeconomic

Adjective

Meaning

of or relating to microeconomics

Synonyms

Examples

Microeconomics and macroeconomics are closely intertwined. Because changes in the overall economy arise from the decisions of millions of individuals, it is impossible to understand macroeconomic developments without considering the associated microeconomic decisions. Greg Mankiw

It is too early to say there is a consensus about how all these topics fit together. Yet one can say that the new classical challenge has been met: Keynesian economics has been reincarnated into a body with firm microeconomic muscle. Greg Mankiw

Although many countries continue to operate state-owned or parastatal airlines, many large airlines today are privately owned and are therefore governed by microeconomic principles to maximize shareholder profit. Source: Internet

Blanchard (2011), 590. New Keynesian economics, which developed partly in response to new classical economics, strives to provide microeconomic foundations to Keynesian economics by showing how imperfect markets can justify demand management. Source: Internet

Economics of information main Information economics or the economics of information is a branch of microeconomic theory that studies how information and information systems affect an economy and economic decisions. Source: Internet

For example, Murray Rothbard stated that he objected to the use of cardinal utility in microeconomic theory. Source: Internet

Close letter words and terms