Microeconomic theory examines how individual agents—consumers, firms and workers—make choices under scarcity, and how their interactions through markets determine resource allocation, prices and ...

This course is compulsory on the MRes in Economics, MRes in Economics and Management and MRes in Finance. This course is not available as an outside option to students on other programmes. This course ...

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 ...

Economics is broadly divided into macroeconomics and microeconomics. The big picture, macroeconomics, concentrates on the behavior of a national or a regional economy as a whole: the totals of goods ...

Physicists look at the big world of planets, stars, galaxies, and gravity. But they also study the minute world of atoms and the tiny particles that comprise those atoms. Economists also look at two ...

There will be an all-day workshop for PhD candidates from LSE and the University of Warwick working in microeconomic theory on Saturday 9 May 2026 at LSE. Organised by PhD candidates with support from ...

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 ...

Merton, Robert C. "On the Microeconomic Theory of Investment under Uncertainty." In Handbook of Mathematical Economics. Vol. 2, edited by K. Arrow and M. Intriligator. Amsterdam: North-Holland ...

If you think the cost of developing a shared brand across your campus is pricey, consider the opportunity cost of not doing so. Have you ever employed the concept of “opportunity cost” to make a ...