Economics is used to explore the laws of the creation, transformation, and realization of the value of human economic activities. In economics, making choices is particularly important. Of course, economics is divided into two parts, macroeconomics and microeconomics. Their research objects are different. Microeconomics is closer to the economic activities around us, because the object of its research is a single economic unit. At the same time, microeconomics solves the premise of macroeconomics, that is, the problem of resource allocation.
Microeconomics, also known as individual economics, small economics, is a symmetry of macroeconomics. Microeconomics mainly takes a single economic unit (a single producer, a single consumer, and a single market’s economic activities) as the research object, and analyzes how a single producer allocates limited resources to the production of various commodities to maximize Profit; how a single consumer allocates limited income to the consumption of various commodities to obtain maximum satisfaction. At the same time, microeconomics also analyzes how to determine the output, cost, number of production factors used and profit of a single producer; how to determine the income of the supplier of production factors; how to determine the utility, supply, demand, and price of a single commodity, etc. .
The main contents of microeconomics include: equilibrium price theory, consumer economics, production theory, firm theory, distribution theory, and microeconomic policy.
Microeconomics-Analyze the economic behavior of individual economic units, and on this basis, study the operation of the market mechanism of modern Western economic society and its role in the allocation of economic resources, and propose microeconomic policies to correct market failures.
Microeconomics is concerned with the exchange process between individuals and organizations in society. The basic problem it studies is the decision of resource allocation. Its basic theory is the theory of determining relative prices through supply and demand. Therefore, the main scope of microeconomics includes consumer choice, supply and income distribution by manufacturers.
Microeconomics, also known as individual economics, small economics, is a symmetry of macroeconomics. Microeconomics mainly takes a single economic unit (a single producer, a single consumer, and a single market’s economic activities) as the research object, and analyzes how a single producer allocates limited resources to the production of various commodities to maximize Profit; how a single consumer allocates limited income to the consumption of various commodities to obtain maximum satisfaction. At the same time, microeconomics also analyzes how to determine the output, cost, number of production factors used and profit of a single producer; how to determine the income of the supplier of production factors; how to determine the utility, supply, demand, and price of a single commodity, etc. .
The main contents of microeconomics include: equilibrium price theory, consumer economics, production theory, firm theory, distribution theory, and microeconomic policy.
Microeconomics-Analyze the economic behavior of individual economic units, and on this basis, study the operation of the market mechanism of modern Western economic society and its role in the allocation of economic resources, and propose microeconomic policies to correct market failures.
Microeconomics is concerned with the exchange process between individuals and organizations in society. The basic problem it studies is the decision of resource allocation. Its basic theory is the theory of determining relative prices through supply and demand. Therefore, the main scope of microeconomics includes consumer choice, supply and income distribution by manufacturers.
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