文档介绍:WhatIsaMarket? WhyStudyMicroeconomics?Preliminaries●microeconomicsBranchofeconomicsthatdealswiththebehaviorofindividualeconomicunits—consumers,firms,workers,andinvestors—prise.●macroeconomicsBranchofeconomicsthatdealswithaggregateeconomicvariables,suchasthelevelandgrowthrateofnationaloutput,interestrates,unemployment,,whichcanbespentonawidevarietyofgoodsandservices,-,,workersfacetrade-,workersmustsometimesdecidehowmanyhoursperweektheywishtowork,,,,pricesaredeterminedbytheinteractionsofconsumers,workers,—,,basedoneconomictheory,ofafirm,amarket,●positiveanalysisAnalysisdescribingrelationshipsofcauseandeffect.●?●marketCollectionofbuyersandsellersthat,throughtheiractualorpotentialinteractions,hepriceofaproductorsetofproducts.●marketdefinitionDeterminationofthebuyers,sellers,andrangeofproductsthatshouldbeincludedinaparticularmarket.●●petitivemarketMarketwithmanybuyersandsellers,sothatnosinglebuyerorsellerhasasignificantimpact