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microeconomics

[mahy-kroh-ek-uh-nom-iks, -ee-kuh-] /ˌmaɪ kroʊˌɛk əˈnɒm ɪks, -ˌi kə-/
noun, (used with a singular verb)
1.
the branch of economics dealing with particular aspects of an economy, as the price-cost relationship of a firm.
Compare macroeconomics.
Origin
1945-1950
1945-50; micro- + economics
Related forms
microeconomic, adjective
microeconomist
[mahy-kroh-i-kon-uh-mist] /ˌmaɪ kroʊ ɪˈkɒn ə mɪst/ (Show IPA),
noun
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for microeconomics
  • microeconomics studies the economic behavior of individual consumers and individual businesses.
  • She needed her microeconomics textbook for the problem set she was finishing at the library, and she'd left it in her dorm room.
  • One can do a lot in microeconomics without going further than linear algebra.
  • Aspiring doctors are not normally taught microeconomics, cost accounting or risk management.
  • Crucial ideas about the role of prices and markets, the basic principles of microeconomics, are uncontroversial among economists.
  • Second, it is microeconomics that puts bread on the table.
  • It's also a main part of standard orthodox microeconomics.
  • The point is only that demand also has a role to play in microeconomics, end as a result thereof also in macroeconomics.
  • microeconomics studies resource allocation and decision-making at the level of the individual consumer, household or firm.
  • Most positions also require training in microeconomics through the intermediate theory level.
British Dictionary definitions for microeconomics

microeconomics

/ˌmaɪkrəʊˌiːkəˈnɒmɪks; -ˌɛkə-/
noun
1.
(functioning as sing) the branch of economics concerned with particular commodities, firms, or individuals and the economic relationships between them Compare macroeconomics
Derived Forms
microeconomic, adjective
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Word Origin and History for microeconomics
n.

1948, from micro- + economics. Related: Microeconomic.

Online Etymology Dictionary, © 2010 Douglas Harper
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microeconomics in Culture

microeconomics definition


Economic analysis of particular components of the economy, such as the growth of a single industry or demand for a single product. (Compare macroeconomics.)

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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