Glossary

Microeconomics

Microeconomics glossary.

Microeconomics is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms.

Topics Economy Business Finance Trade

Terms listing

A

B

Barriers to Entry Budget Constraint Budget Set

D

Deadweight Loss Decreasing Returns to Scale (DRS)Demand Demand for Loanable Funds Desired Capital Stock Diminishing Marginal Productivity (DMP)Diminishing Marginal Utility (DMU)Dominant Strategy

F

Factor Prices Factor Substitution Factors of Production Final Goods and Services Fixed Costs of Production Fixed Factors of Production Flow Variable

G

Gains from Trade Game Theory General Equilibrium Analysis

H

Heterogeneous Goods Homogeneous Goods

N

Natural Barriers to Entry Needs Negotiation Space Net Present Value Non-Satiation Normal Good Normal Profits

O

Objective Function Oligopoly Opportunity Cost Optimization Ordinal Utility

Q

Quantity Demanded Quantity Supplied

T

Tax Burden Tax Incidence Tax Revenue Technology Terms of Trade Total Costs (TC)Total Effect Total Expenditure Total Revenue (TR)Total Surplus Total Value (of Consumption)Transitive Preferences

U

Unattainable Output Combinations Unitary Elastic Demand Unrelated Goods Utility Utility Maximization Utility Surface

V

Variable Costs of Production Variable Factor of Production

W

Wage Elastic Wage Inelastic Wants

A B C D E F G H I L M N O P Q R S T U V W

Terms total # 218

Permanent link Microeconomics - Creation date 2021-07-10

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Microeconomics

Terms listing

A

B

C

D

E

F

G

H

I

L

M

N

O

P

Q

R

S

T

U

V

W