mi·​cro·​eco·​nom·​ics ˌmī-krō-ˌe-kə-ˈnä-miks How to pronounce microeconomics (audio)
plural in form but usually singular in construction
: a study of economics in terms of individual areas of activity (such as a firm) compare macroeconomics
microeconomic adjective
microeconomist noun

Examples of microeconomics in a Sentence

Recent Examples on the Web PredictIt makes its data publicly available, and dozens of research institutions have made use of it for studies of microeconomics and political behavior. Ben Terris, Washington Post, 24 Jan. 2023 The new major will be fully integrated into Wharton’s current curriculum, meaning students will still take foundational courses like microeconomics and marketing. Paolo Confino, Fortune, 25 Oct. 2022 Councilman Devyn Keith said microeconomics says anyone with an extra $1,000 spends that in the local economy. Lee Roop | Lroop@al.com, al, 12 Aug. 2022 Inflation is both the result of total spending running ahead of the economy’s capacity to supply goods and services (macroeconomics), and idiosyncratic behavior in one industry or another (microeconomics). Greg Ip, WSJ, 12 Jan. 2022 As a matter of both psychology and microeconomics, that makes perfect sense. Samuel Goldman, The Week, 5 Mar. 2022 Whether inflation reached 7% in December, the highest since 1982, mostly because of macroeconomics or microeconomics might be today’s most pressing economic question. Greg Ip, WSJ, 12 Jan. 2022 The money will back education and research efforts in applied microeconomics, business, digital medicine, global health, neuroscience, and translational research programs at the university’s Feinberg School of Medicine. Maria Di Mento, oregonlive, 31 Dec. 2021 In the spring of 2021, using CORE, Carlin was teaching microeconomics and macroeconomics to hundreds of undergraduates from more than a dozen countries at University College London. Nick Romeo, The New Yorker, 8 Oct. 2021 See More

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'microeconomics.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1943, in the meaning defined above

Time Traveler
The first known use of microeconomics was in 1943

Dictionary Entries Near microeconomics

Cite this Entry

“Microeconomics.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/microeconomics. Accessed 2 Dec. 2023.

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