Microeconomics: This article provides a broad overview

This article provides a broad overview of microeconomics . It is intended to introduce key topics to those who have not studied microeconomics , and to offer a revision to those who have done so What is microeconomics ? Microeconomics is the branch of economics that considers the behaviour of decision takers within the economy, such as individuals, households and firms. The word ‘firm’ is used generically to refer to all types of business. Microeconomics contrasts with the study of ... Why Microeconomics ? We will discuss the following topics: The Themes of Microeconomics What Is a Market? Microeconomics is a branch of economics that analyzes the market behavior of individuals and businesses to understand their decision-making processes.