Microeconomics is one of the major focus areas within the academic field of economics. While the scope and methods of microeconomics can be complex, its overall focus is relatively straightforward.

Michael Logan is an experienced writer, producer, and editorial leader. As a journalist, he has extensively covered business and tech news in the U.S. and Asia. He has produced multimedia content that ...

Microeconomics explains how supply and demand determine prices; shifts in either affect pricing inversely. Investors gain from understanding microeconomics, identifying monopolistic markets and ...

Microeconomics is the study of individual choices in markets. In microeconomics, we consider the role consumers and businesses play in the economy and how consumers and businesses make their economic ...