Microeconomic theory forms the cornerstone of modern economics by examining how individuals and firms make decisions under constraints and how these decisions shape market outcomes. It provides a ...

Economists use game theory to model conflict and cooperation by at least two rational decision-makers where there is strategic behavior by the players who understand that their actions affect the ...

Microeconomics is a subset of economics that focuses on the actions of the individual participants in the economy, including individual consumers and businesses. Unlike macroeconomics, which focuses ...

This course is compulsory on the MRes/PhD in Economics, MRes/PhD in Economics and Management and MRes/PhD in Finance. This course is not available as an outside option. i. introduce the basic ...

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Erika Rasure is globally-recognized as a leading consumer economics subject ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Thomas J. Brock is a CFA and CPA with more ...

Journal of Business Ethics, Vol. 3, No. 4 (Nov., 1984), pp. 315-325 (11 pages) There is a very apparent conflict between economists and ethicists over the moral standards that should be applied to the ...

Microeconomics seeks to make sense of the behaviour of individuals, households and firms. It aims to answer questions such as: if incomes rise, how will individuals spend their surplus income, and on ...

Green, J. R., A. Mas-Colell, and M. Whinston. Microeconomic Theory. New York: Oxford University Press, 1995.