microeconomics

(redirected from Price theory)
Also found in: Dictionary, Thesaurus, Financial, Encyclopedia.

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.
Mentioned in ?
References in periodicals archive ?
166) This line of argument suggests that neoclassical orthodoxy regards price theory as so robust that it should control in the event of an observed inconsistency with data.
PRICE THEORY, WORKABLE COMPETITION, AND THE "MARKET POWER" MODEL OF CONTRACT FORMATION
that price theory delivers to judges a toolkit appropriate for the task
In Boettke's method price theory provides the analytics.
In fall 1946, he accepted a position at the University of Chicago teaching the price theory course formerly taught by Viner.
They are engaged in applying price theory to political phenomena such as decision rules and the voting preferences of elected officials.
1) Stigler and Boulding perspicaciously reprinted Coase's paper in the famous AEA Readings in Price Theory [1952], but for a quarter of a century it had no real impact on the profession.
Students are exposed to thorough coverage of fundamental microeconomics concepts, including behavioral economics, game theory, and price theory.
Today's standard account relies on neoclassical models of price theory and on game theory to provide answers in these settings.
The evidence of these bubbles seldom squares with what would be expected from standard asset price theory.
Three generations of price theory developed at the U.
Price theory was not the only possible external influence on antitrust doctrine during the inhospitality era; there were other possible determinants as well.