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

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 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 The money will support research in digital medicine, neurosciences, global health and other medical sciences, as well as support programs in microeconomics and the Kellogg School of Management. From Usa Today Network And Wire Reports, USA TODAY, 26 Sep. 2021 Ho wrote his dissertation on the microeconomics of apologies. The New Yorker, 9 Aug. 2021 An integral part of microeconomics is the theory of the firm, the term economists use for companies. Amitrajeet A. Batabyal, The Conversation, 31 Aug. 2021 See More

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.

First Known Use of microeconomics

1943, in the meaning defined above

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The first known use of microeconomics was in 1943

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Last Updated

9 Apr 2022

Cite this Entry

“Microeconomics.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/microeconomics. Accessed 24 May. 2022.

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More from Merriam-Webster on microeconomics

Britannica English: Translation of microeconomics for Arabic Speakers

Britannica.com: Encyclopedia article about microeconomics


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