Microeconomics

Microeconomics focuses on how consumers and businesses make decisions in regards to the allocation of resources. It studies how these decisions impact the supply and demand of goods and services in the market, and how market prices are determined. Additionally, microeconomics looks at how government policies can affect the economy.

In microeconomics, we study how people interact with each other and how these interactions determine prices and quantities in markets. We also examine how people respond to changes in prices and income, and how markets clear. It focuses on how people make decisions about what to produce, how to produce it, and how to distribute it. It also looks at how the economy as a whole works.