Microeconomic study historically has been performed according to general equilibrium theory, developed by Léon Walras in Elements of Pure … See more

Consumer demand theory
Consumer demand theory relates preferences for the consumption of both goods and services to the consumption expenditures; ultimately, this relationship between preferences and consumption expenditures is … See more

Market structure refers to features of a market, including the number of firms in the market, the distribution of market shares between them, product uniformity across firms, how … See more

Information economics is a branch of microeconomic theory that studies how information and information systems affect an See more

Economists commonly consider themselves microeconomists or macroeconomists. The difference between microeconomics and macroeconomics likely was introduced … See more

Supply and demand
Supply and demand is an economic model of price determination in a perfectly competitive market. It concludes that in a perfectly competitive market with no externalities, per unit taxes, or price controls See more

Game theory is a major method used in mathematical economics and business for modeling competing behaviors of interacting agents. The term "game" here implies the study of any strategic interaction between people. Applications include a wide … See more