Gourt > Science > Social Sciences > Economics > Microeconomics (5)
Microeconomics is one of the main fields of the social science of economics. It considers the behaviour of individual consumers, firms and industries. (Contrast macroeconomics.)
One of the goals of microeconomics is to analyze market mechanisms that establish relative prices amongst goods and services and allocation of limited resources amongst many alternative uses. Microeconomics analyses market failure, where markets fail to maximise welfare, as well as describing the theoretical conditions needed for perfect competition. Significant fields of study in microeconomics include markets under asymmetric information, choice under uncertainty and economic applications of game theory.
Assumptions and definitions
The theory of supply and demand usually assumes that markets are perfectly competitive. This implies that there are many buyers and sellers in the market and none of them have the capacity to significantly influence prices of goods and services. In many real-life transactions, the assumption fails because some individual buyers or sellers or groups of buyers or sellers do have the ability to influence prices. Quite often a sophisticated analysis is required to understand the demand-supply equation of a good. However, the theory works well in simple situations. More on [ Microeconomics ]
@leletis apakah anda berminat untuk bekerja sama bahu membahu dalam microeconomics?
ramandhitaaa (Elfa Ramandhita) Fri, 18 Dec 2009 12:05:04 -0000
@leletis apakah anda berminat untuk bekerja sama bahu membahu dalam microeconomics?
who want to teach me psychology, microeconomics and macroeconomics..? http://plurk.com/p/3102b9
YangyangKY (Ang KaiYang) Fri, 18 Dec 2009 09:36:11 -0000
who want to teach me psychology, microeconomics and macroeconomics..? http://plurk.com/p/3102b9
warming up 4 microeconomics = preparing 4 sleep . . o.O http://plurk.com/p/30y7j0
qiendh (Lizziee) Fri, 18 Dec 2009 07:20:41 -0000
warming up 4 microeconomics = preparing 4 sleep . . o.O http://plurk.com/p/30y7j0
Doing microeconomics now with @dangochan .
chloewxy (Chloe Wong) Fri, 18 Dec 2009 07:14:12 -0000
Doing microeconomics now with @dangochan .
I wish today was still f*** you thursdays: id send a big F*** You to my ECON professor Nanyun Zhang for giving me a F in microeconomics :(
xCHRiSSYx310 (Christina Davis) Fri, 18 Dec 2009 05:18:40 -0000
I wish today was still f*** you thursdays: id send a big F*** You to my ECON professor Nanyun Zhang for giving me a F in microeconomics :(
done studying for microeconomics for the night
cameltictactoe (jengordon) Fri, 18 Dec 2009 05:07:11 -0000
done studying for microeconomics for the night
404
Introduction to Microconomics - An online introduction to microeconomic principles, including elasticity, short and long run analysis, and industry structure.
Microeconomic Theory - Provides table of content of Microeconomic Theory by Mas-Colell, Whinston and Green. The major book on microeconomic theory.
Meta Description: [ Oxford University Press USA publishes scholarly works in all academic disciplines, bibles, music, children's books, business books, dictionaries, reference books, journals, text books and more. Browse our more than 30,000 titles on www.oup.com/us. ]
Microeconomics - This page in WebEc contains links to and descriptions of WWW resources related to Microeconomics.
Meta Description: [ This page in WebEc contains links to and descriptions of WWW resources related to Microeconomics ]
Microeconomics (D1-D4) - Economics Working Paper Archiv.
Microeconomics - Elasticity - Course material on elasticities, a major concept used in microeconomics.
NPR : 'Freakonomics': Musings of a 'Rogue Economist' - Economist Steven Levitt talks about his new book, Freakonomics. A professor at the University of Chicago, Levitt uses statistics to examine matters of everyday life, often with unexpected results. [10:31 streaming audio broadcast]
Meta Description: [ Economist Steven Levitt talks about his new book, Freakonomics. A professor at the University of Chicago, Levitt uses statistics to examine matters of everyday life, often with startling results. ]
Price Theory - An intermediate text by David Friedman
Problems in Microeconomics - Problems in Microeconomics is a set of practice problems and interactive lecture displays for students and faculty in introductory courses in microeconomics. The problems were written by Byron W. Brown, Professor of Economics at Michigan State University.
Risk and Certainty Equivalent Applet - A discussion of risk and uncertainty and an applet demonstrating how to calculate a certainty equivalent for risk averse or risk seeking individuals.
Meta Description: [ Explanation of risk, uncertainty, and certainty equivalents. Part of Mike Shor's lecture notes for a course in Game Theory. ]
Supply and Demand Principles - Explains basic principles of supply and demand curves.
The Bonn Graduate School of Economics - The Bonn Graduate School of Economics is designed for highly qualified students with a strong interest in quantitative economic research. The successful completion of the program will qualify students for positions in academic institutions, industry, political and public administration.
The Information Economy - The economics of the internet, information goods, intellectual property and related issues compiled by Hal R. Varian
WebEc - Microeconomics - Contains links to and descriptions of resources related to Microeconomics.
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