Microeconomics is one of the major focus areas within the academic field of economics. While the scope and methods of microeconomics can be complex, its overall focus is relatively straightforward.

Philosophy of Science, Vol. 51, No. 4 (Dec., 1984), pp. 573-594 (22 pages) This paper examines the relationship between modern theories of microeconomics and macroeconomics and, more generally, it ...

This past semester, our colleague Eleanor Clemans-Cope argued that the Princeton School of Public and International Affairs (SPIA) ought to replace its requirement that students learn introductory ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Erika Rasure is globally-recognized as a ...

Economics merges psychology, politics, law, and business for a global view of decision-making. Microeconomics focuses on individual choices, while macroeconomics examines whole economies.

If asked to compile a list of economists’ mistakes over the last decade, I would not know where to start. Somewhere near the top would be failure to predict the global financial crisis. Even higher on ...

MICROECONOMISTS are wrong about specific things, Yoram Bauman, an economist and comedian, likes to say, whereas macroeconomists are wrong in general. Macroeconomists have borne the brunt of public ...

Microeconomics, not macroeconomics, is useful for MBA students, according to economist Scott Sumner in a recent blog post. The real problem is that macroeconomics is taught all wrong for business ...