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microeconomics

Line breaks: micro|eco¦nom¦ics
Pronunciation: /ˌmʌɪkrəʊiːkəˈnɒmɪks
 
, -ɛkə-/

Definition of microeconomics in English:

plural noun

[treated as singular]
The part of economics concerned with single factors and the effects of individual decisions.
Example sentences
  • The nature of these relationships has been central to human ecology and geography, microeconomics, and the anthropological and political sciences.
  • 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.

Derivatives

microeconomic

1
adjective
Example sentences
  • International migration can be conceptualized as a form of investment in human capital in a microeconomic model of individual choice.
  • Thus macroeconomic and microeconomic reforms must be concurrent.
  • But in those cases there were clearly macroeconomic and probably microeconomic policy mistakes.

Definition of microeconomics in:

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