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en:microeconomics-definition [2018/09/13 14:07] federico created |
en:microeconomics-definition [2018/09/13 14:18] federico [Examples of Direct Applications of Microeconomics in Real Business (not in academia)] |
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| ====== Microeconomics Definition ====== | ====== Microeconomics Definition ====== | ||
| - | <strong>Definition:</strong> Microeconomics is the study of the behavior of individual economic agents, like persons, households and firms, in decision making and resources allocation among different alternative purposes. | + | **Definition:** Microeconomics is the study of the behavior of individual economic agents, like persons, households and firms, in decision making and resources allocation among different alternative purposes. |
| ===== Microeconomics vs Macroeconomics ===== | ===== Microeconomics vs Macroeconomics ===== | ||
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| Big corporations like Google hire microeconomists to work on several fields. For example: | Big corporations like Google hire microeconomists to work on several fields. For example: | ||
| - | - Setting the optimal workflow for auctions. | + | * Setting the optimal workflow for auctions. |
| - | - Forecasting consumer behavior. | + | * Forecasting consumer behavior. |
| - | - Ad effectiveness. | + | * Ad effectiveness. |
| - | - Industrial organization: microeconomists can provide analysis on patents policy, antitrust, innovation policy, etc. | + | * Industrial organization: microeconomists can provide analysis on patents policy, antitrust, innovation policy, etc. |
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| + | [[microeconomic variables]] | ||