Microeconomics

Microeconomics is the study of the economic behaviour of individual consumers, firms, and industries and the distribution of total production and income among them. It considers individuals both as suppliers of labour and capital and as the ultimate consumers of the final product. On the other hand, it analyzes firms both as suppliers of products and as consumers of labour and capital. Microeconomics seeks to analyze the market form or other type of mechanism that establishes relative prices among goods and services and allocates society's resources among their many alternative uses. Fundamental concepts in microeconomics
\nScarcity - Opportunity cost - Supply and demand - Elasticity - Consumer and producer surplus - Aggregation of individual demand to total, or market, demand Consumer theory
\nConsumer Theory - Preference - Indifference curve - Utility - Marginal utility - Income Production and pricing theory
\nProduction, costs, and pricing - Production theory basics - X-efficiency - Factors of production - production possibility frontier - Production function - Economies of scale - Economies of scope - Profit maximization - Price discrimination - Transfer pricing - joint product pricing - price points Industrial organization
\nMarket form - Perfect competition - Monopoly - Monopolistic competition - Oligopoly - Concentration ratio - Herfindahl index Welfare economics
\nWelfare economics - Pareto efficiency - Kaldor-Hicks efficiency - Social welfare function - Income inequality metrics - Lorenz curve - Gini coefficient - Poverty level Market failure
\nMarket failure - Collective action - Information asymmetry - Externality - Social cost - Free goods - Taxes - Tragedy of the commons - Coase's Penguin Financial economics
\nEfficient markets theory - Financial economics - Finance - Risk International trade
\nInternational trade - Terms of trade - Tariff - List of international trade topics Methodology
\nGeneral equilibrium - Game theory

See also

\n* Macroeconomics\n* Economics\n* Managerial economics Category:Economics\n\n \n\n\n\n\n