Microeconomics

From Conservapedia - Reading time: 1 min

---

Microeconomics is the study of the behavior of individual units, firms, households or persons in the economy.

If macroeconomics is compared to the study of a "forest", then microeconomics is the study of the trees in the forest.

A typical course in microeconomics for late high school or early college students considers consumer theory in the form of utility maximization and producer theory in the form of profit maximization and cost minimization. Upperclass courses often include discussion of monopoly, market failure, externalities, and more advanced mathematical modeling techniques for lower-level material.

v • d • e Economic Preparedness Economic preparedness Savings • Fiscal conservatism Economic collapse Inflation - Agflation • Deflation • Stagflation • Hyperinflation • Zimbabwe • Weimar Republic • Argentina • Bank run Economic history American economic history • Recession •Recovery Summer 2010 • Quantitative easing • American Recovery and Reinvestment Act of 2009 • Economic stimulus• Recession of 2008 • Financial Crisis of 2008 • Great Depression • Black Tuesday • Stock market crash of 1929 • Black Thursday • Panic of 1907• Panic of 1893 • Panic of 1837 Categories