The visual "big picture" that is introduced in this paper can be used as a resource in advanced microeconomics
This article summarises recent work at the Bank using microeconomic
data from the HES to analyse developments in the household sector.
According to the 'New Economy' story the program of microeconomic
reform that began with the floating of the Australian dollar in 1983 has, after some initial disruption, produced a new, more flexible and more productive Australian economy.
This assumption is not a weakness but rather a methodological inevitability stemming from the ceteris paribus assumption that anchors all formal models in economic theory, both microeconomic
The Government's principle review body on microeconomic
policy, the Productivity Commission, will undertake the 12-month enquiry.
He is writing a book entitled Microeconomic
Theory of the Family, and one of his recent papers is entitled "Youth Employment in the United States: Trends and Implications.
and macroeconomic performance is out of balance.
Stiglitz, 1977); microeconomic
studies on libraries as decision-making institutions, such as studies on economies of scale and management of libraries using production functions (e.
This author defines corporate organizational infrastructure, with required modifications, as the microeconomic
analogue of TFP.
In his new book, The Perfect Store: Inside eBay, Cohen reports that the online auction service began as an exercise in economic theory, a real-world attempt at forming that most basic of microeconomic
precepts, the perfect market.
Along with the accompanying graphs which show tangency between the AR and AC curves, most microeconomic
texts state that the AC curve cannot intersect the AR or demand curve because this would imply there is some point on the AR curve above AC which would yield positive profits (see Varian [Intermediate Microeconomics
, 1999, pp.
They note that microeconomic
studies often suggest that income differentials across countries are explained mostly by differences in TFP.