Economists use game theory to model conflict and cooperation by at least two rational decision-makers where there is strategic behavior by the players who understand that their actions affect the ...

Microeconomic theory forms the cornerstone of modern economics by examining how individuals and firms make decisions under constraints and how these decisions shape market outcomes. It provides a ...

Discover the concept of utility in microeconomics, exploring its origins, types, and applications to analyze consumer ...

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Erika Rasure is globally-recognized as a leading consumer economics subject ...

Microeconomics is a subset of economics that focuses on the actions of the individual participants in the economy, including individual consumers and businesses. Unlike macroeconomics, which focuses ...

This course is compulsory on the MRes/PhD in Economics, MRes/PhD in Economics and Management and MRes/PhD in Finance. This course is not available as an outside option. i. introduce the basic ...

Economics is split between analysis of how the overall economy works and how single markets function Physicists look at the big world of planets, stars, galaxies, and gravity. But they also study the ...

This course is compulsory on the BSc in Econometrics and Mathematical Economics and BSc in Economics. This course is not available as an outside option nor to General Course students. This course ...

Have you ever employed the concept of “opportunity cost” to make a compelling marketing argument? As a refresher from your undergrad microeconomics days, opportunity cost is the loss of potential gain ...