I've never taken an Econ course before, but I hear mix things about it.

What is Microeconomics?

The purpose of this discussion is to equip you with the mathematical tools you will need to deal confidently with the topics and concepts I'll be taking this class next year since it's a requirement for my major (not econ). Many economic models use math to explain cause and effect. Microeconomics can be, but is not necessarily, math-intensive. Sometimes it makes sense to express economic ideas in words; other times, math does a better job.

Economists use math as a tool for manipulating and exploring economic models. Here is a better definition: "Microeconomics is the analysis of the decisions made by individuals and groups, the factors that affect those decisions, and how those decisions affect others."

Economics is not math, but rather math is a tool for presenting and manipulating/exploring/using economic models.

Fundamental microeconomic assumptions about scarcity, human choice, rationality, ordinal preferences or … The Use of Mathematics in Microeconomics The subject matter of economics is social behavior. I'm not a huge math …

we sometimes use mathematics to inform us about that behavior.

Microeconomics is a ‘ bottom-up ’ approach. Microeconomic decisions by both small businesses and individuals are mainly motivated by … It is a study in economics that involves everyday life, including what we see and experience. Some say it's really, while others say it's do-able if I have decent math skills and put some time in studying.



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