This tool is essential in business and trade, relates to all professions, and is the starting point of any economic analysis.

Microeconomics is the discipline that is responsible for studying the economic behavior of small units of decision, understanding them as businesses, households and individuals. The main objective is focused on analyzing the behavior of these units and their interaction with markets (consumers, investors, workers).
To study these phenomena, microeconomics uses formal models that explain the decisions of producers and consumers, based on assumptions, to reach conclusions through deductive methods.
The analytical part of the study, however, is based on logical reasoning, so he uses mathematical language, which brings clarity and rigor, both proceedings, and the outcome.
People have basic needs and specific to cover (food, clothing, medicine, shelter, etc.), and there are many factors that influence the ability to generate resources to meet those needs, such as labor, raw material or capital. The optimum balance and distribution of these resources is a matter microeconomic.
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December 3rd, 2010
Luca
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