Microeconomics is the branch of economics that analyzes the market behavior of individual consumers and firms in an attempt to understand the decision-making process of firms and households.
Those who have studied Latin know that the prefix micro - means small, so it shouldn’t be surprising that microeconomics is the study of small economic units. The field of microeconomics is concerned with things like:
- Consumer decision making and utility
maximization
- Firm production and profit maximization
- Individual market equilibrium
- Effects of government regulation on individual
markets
- Externalities and other market side effects
While Macroeconomics, on the other hand, looks at the big picture hence macro. It focuses on the national economy as a whole and provides a basic knowledge of how things work in the business world.
Key Concepts in Microeconomics:
Economics: the study of choice
Demand and supply
Demand Elasticities
Consumer Behavior
Elasticity: a measure of response
Production and cost
International trade
Utility maximization
Imperfectly Competitive Product Markets
Game Theories
Wage Determination
Labor Markets
Roles of Labor Unions in Labor Markets
Economics of Strategies
Transaction Cost Economics
Essential Microeconomics
http://essentialmicroeconomics.com/
Introduction to Microeconomics
http://www.pitt.edu/~upjecon/MCG/MICRO/MicroHome.html
Microeconomics
http://bcs.worthpublishers.com/krugmanwellsmicro2/default.asp?s=&n=&i=&v=&o=&ns=0&uid=0&rau=0
Microeconomics
https://www.khanacademy.org/economics-finance-domain/microeconomics
Microeconomics
http://www.educator.com/economics/ap-microeconomics/park/
Microeconomics
http://wps.prenhall.com/bp_pindyck_micro_7/
Microeconomics 101
http://economics.about.com/od/economics-basics/u/Microeconomics-101.htm
Microeconomic Model
http://www.econmodel.com/classic/micro1.htm
Principles of Microeconomics
http://ocw.mit.edu/courses/economics/14-01sc-principles-of-microeconomics-fall-2011/
Principles of Microeconomics
http://catalog.flatworldknowledge.com/bookhub/reader/21?cid=6494&e=rittenberg-ch01
