The three basic questions of microeconomics are: "What should I produce," "How much should I produce," and "Who will buy these goods or services?" These three questions are critical to successfully managing a company, thus critical to understanding microeconomics.
According to Investopedia, microeconomics is the study of decisions made by people and businesses regarding the allocation of resources and prices of goods and services, while macroeconomics is the study of the behavior of the economy as a whole. Microeconomics focuses on individual companies, and m
Students can find general microeconomics questions on MIT.edu. They can be found at the end of each chapter in the course "Introduction to Microeconomics," which is under the "Social Science" topic in the course finder.
As with most economics definitions, there are several competing ways to explain the term "microeconomics." Here's a straightforward explanation. Like most definitions in economics, there are plenty of competing ideas and ways to explain the term microeconomics. As one of the two branches of the stud
Explore microeconomics and its relationship to business decision-making. Explore microeconomics and its relationship to business decision-making. FREEAdd a Verified Certificate for $79 USD none Interested in this course for your Business or Team? Train your employees in the most in-demand topics, wi
Microeconomic analysis attempts to explain the behavior of individuals and organizations in a given economy. Before being able to understand macroeconomics, or national and global trends for indicators like Gross Domestic Product, it is helpful to know how economics works on a small scale. Microecon
Unlike macroeconomics, which studies the economy from the top down by evaluating government policies and monetary theory, microeconomics views the economy from the bottom up. Microeconomics is the study of how firms and individuals operate. More importantly, understanding the guiding principles of t
In this course, you will learn all of the major principles of microeconomics normally taught in a quarter or semester course to college undergraduates or MBA students. Perhaps more importantly, you will also learn how to apply these principles to a wide variety of real world situations in both yo
An overview of introductory microeconomics. Learn the key principles of economics and how to apply them to the real world - and the AP® exam! An overview of introductory microeconomics. Learn the key principles of economics and how to apply them to the real world - and the AP® exam! FREEAdd a Verifi
Learn the basics of microeconomics, including supply and demand of commodities and how equilibrium in the market affects price. Learn the basics of microeconomics, including supply and demand of commodities and how equilibrium in the market affects price. FREEAdd a Verified Certificate for $49 USD N