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microeconomics
(redirected from Microeconomic theory)

   Also found in: Dictionary/thesaurus, Financial, Encyclopedia, Wikipedia 0.01 sec.
microeconomics
study of the economic behavior of individual, decision-making units, e.g. individual consumers or businesses, and the operation of individual markets. See also macroeconomics.


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It combines presentation of microeconomic theory and macroeconomic theory illustrated by real-world examples from newspapers, magazines, government reports, and economic journals or daily life issues such as the decision to obtain of fixed or variable interest rate on one's mortgage.
95 Hardcover HB172 Nicholson (economics, Amherst College) and new co-author Snyder (economics, Dartmouth College) present a textbook on microeconomic theory that focuses on building intuition about economic models while providing students with the math tools to continue their studies.
It speaks volumes of the power of J-J Laffont to clarify important issues in microeconomic theory.
 
 
 
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