Podcast
Questions and Answers
What is the subject of microeconomics?
What is the subject of microeconomics?
The subject of microeconomics is the study of individual economic agents such as households, firms, and markets.
How would you define microeconomics?
How would you define microeconomics?
Microeconomics can be defined as the branch of economics that examines the behavior of individual decision-making units and the markets in which they interact.
Why is microeconomics important?
Why is microeconomics important?
Microeconomics is important because it helps in understanding how individuals and firms make decisions regarding the allocation of resources, and how these decisions influence the functioning of markets and the overall economy.
