محاضرات الاقتصاد الجزئي 1

  • Microeconomics studies the decisions of individuals and firms to allocate resources of production, exchange, and consumption.
  • Microeconomics deals with prices and production in single markets and the interaction between different markets but leaves the study of economy-wide aggregates to macroeconomics.
  • Microeconomists formulate various types of models based on logic and observed human behavior and test the models against real-world observations.