Book

Microeconomics

Avinash Dixit

Published in print April 2014 | ISBN: 9780199689378
Published online April 2014 | e-ISBN: 9780191779824 | DOI: https://dx.doi.org/10.1093/actrade/9780199689378.001.0001

Series: Very Short Introductions

Microeconomics

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Microeconomics — individuals' choices of where to live and work, how much to save, what to buy, and firms' decisions about location, hiring, firing, and investment — involves issues that concern us on a daily basis. But when people think about economics, they tend to place importance on the bigger picture — macroeconomics — including issues such as unemployment, inflation, and the competitiveness of nations. Microeconomics: A Very Short Introduction argues that the microeconomy has a large impact on the economic world. Using real-life examples from around the world, this VSI provides insights into economics from psychology and sociology to explain economic behaviour and rational choice.

Keywords: antitrust; Common Agricultural Policy; competition; competitiveness; cost; economics; inflation; investment; macroeconomics; market; microeconomics; monopoly; Pareto efficiency; risk; supply; unemployment

Book.  152 pages.  Illustrated.

Subjects: Microeconomics

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