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Topics include supply and demand, economic decision making, social efficiency, perfect and imperfect competition, labor markets, capital markets, and market failures. Issues such as the environment, taxation, and income distribution are addressed. This course is equivalent to the first half of ECON S-10ab

Microeconomics examines the behaviors and decisions that individuals and businesses make regarding the allocation of limited resources. Understanding microeconomics can be useful in many fields, including economics, accounting and finance. In this article, we explain what microeconomics is, how to use it and some of its key concepts

microeconomics, branch of economics that studies the behaviour of individual consumers and firms. Unlike macroeconomics, which attempts to understand how the collective behaviour of individual agents shapes aggregate economic outcomes, microeconomics focuses on the detailed study of the agents themselves, by using rigorous mathematical techniques to better describe and understand the decision

AP Microeconomics is an introductory college-level microeconomics course. Students cultivate their understanding of the principles that apply to the functions of individual economic decision-makers by using principles and models to describe economic situations and predict and explain outcomes with graphs, charts, and data as they explore concepts like scarcity and markets; costs, benefits, and