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microeconomics Definition

micro·eco·nom·ics (mī′krō ek′ə näm′iks, -ē′kə-)

noun

a branch of economics dealing with certain specific factors affecting an economy, as the behavior of individual consumers, the marketing of particular products, etc.

Related Forms:

microeconomics Finance Definition
The branch of economics that examines how economic decisions are made by individual businesses, households, and industries. In contrast, macroeconomics analyzes big-picture economic decision-making throughout the economy and examines the effect that employment or inflation is likely to have on the economy. See also macroeconomics.
microeconomics Usage Examples

Converse of object

  • apply: Ian teaches applied microeconomics, business decision-making, finance and defense economics.
  • teach: He has taught introductory microeconomics to over 10,000 students thus far.
  • cover: The first module covers microeconomics, the second macroeconomics.

Adjective modifier

  • applied: Transport Economics Transport Economics as a branch of applied microeconomics has a long and venerable history.
  • introductory: He has taught introductory microeconomics to over 10,000 students thus far.

Modifies a noun

  • course: For instance last summer I attended the LSE summer school to do a microeconomics course.
  • textbook: These vignettes apply what students learn in their introductory microeconomics textbook.
  • class: I am currently putting together a term paper for a microeconomics class: with index cards, without EN.