mi·​cro·​eco·​nom·​ics | \ ˌmī-krō-ˌe-kə-ˈnä-miks How to pronounce microeconomics (audio) , -ˌē-kə- \

Definition of microeconomics

: a study of economics in terms of individual areas of activity (such as a firm) — compare macroeconomics

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Other Words from microeconomics

microeconomic \ ˌmī-​krō-​ˌe-​kə-​ˈnä-​mik How to pronounce microeconomics (audio) , -​ˌē-​kə-​ \ adjective
microeconomist \ ˌmī-​krō-​i-​ˈkä-​nə-​mist How to pronounce microeconomics (audio) \ noun

Examples of microeconomics in a Sentence

Recent Examples on the Web When class turns to microeconomics, which is the study of individual markets, students should learn that elasticities are larger in the long run than the short run. Bill Conerly, Forbes, "Useful Economics—The Business Insights Not Being Taught In Colleges," 9 Apr. 2021 The answer usually involves the difference between microeconomics and macroeconomics or, more simply, gross versus net jobs. Michael Lynch, Forbes, "The Bad Economics Beyond Green Job Creation," 6 Apr. 2021 The White House announced on Tuesday that Natasha Sarin, who worked as a professor at the University of Pennsylvania, will be joining the U.S. Treasury Department’s economic policy office as deputy assistant secretary for microeconomics. Zachary Halaschak, Washington Examiner, "'Naively high': Biden hires economist who has criticized Warren wealth tax estimates," 16 Mar. 2021 Students in the accelerated ESP curriculum pair courses on earth science, conservation biology, urban ecology and climatology with courses on ethics and justice, microeconomics, policy analysis and financial and sustainability management. Scientific American, "Shaping the Science Translators of Our Time," 1 Sep. 2016 According to university spokesman Michael Sandler, Dr. Williams taught a graduate course in microeconomics on GMU’s Arlington campus that ended at 10 p.m. on Dec. 1. Washington Post, "Walter E. Williams, free-market economist, anti-government commentator, dies at 84," 5 Dec. 2020 The venture is being managed by students under the auspices of faculty member Shawn Mullet, who teaches microeconomics and serves as the club’s advisor. Kim Chatelain|contributing Writer, NOLA.com, "St. Paul seniors are proving to be prodigy hedge fund managers," 19 Sep. 2020

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'microeconomics.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of microeconomics

1943, in the meaning defined above

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Time Traveler for microeconomics

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The first known use of microeconomics was in 1943

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Statistics for microeconomics

Last Updated

3 May 2021

Cite this Entry

“Microeconomics.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/microeconomics. Accessed 9 May. 2021.

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More Definitions for microeconomics



English Language Learners Definition of microeconomics

: the study of the economic decisions and actions of individual people, companies, etc.

More from Merriam-Webster on microeconomics

Britannica English: Translation of microeconomics for Arabic Speakers

Britannica.com: Encyclopedia article about microeconomics

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