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2. Microfoundations - Wikipedia

   en.wikipedia.org/wiki/Microfoundations

   The microfoundations project originated in the post-Second World War neoclassical synthesis where it is generally believed that neoclassical microeconomics fused with Keynesian macroeconomics. [5] The 'neoclassical microeconomics' in mention is the Marshallian partial-equilibrium approach , which emerged from the Walrasian general equilibrium ...

3. Cobweb model - Wikipedia

   en.wikipedia.org/wiki/Cobweb_model

   The cobweb model or cobweb theory is an economic model that explains why prices may be subjected to periodic fluctuations in certain types of markets.It describes cyclical supply and demand in a market where the amount produced must be chosen before prices are observed.

4. AP Microeconomics - Wikipedia

   en.wikipedia.org/wiki/AP_Microeconomics

   Multiple Choice: Students are given 70 minutes to complete 60 multiple choice questions which are weighted 2/3 (66.7%) of the total exam score. Free-Response: Students are allotted 10 minutes of planning then 50 minutes of writing for one long free-response question (weighted 50% of section score) and two short ones (weighted 25% section score each).

5. Microeconomics - Wikipedia

   en.wikipedia.org/wiki/Microeconomics

   Microeconomics analyzes the market mechanisms that enable buyers and sellers to establish relative prices among goods and services. Shown is a marketplace in Delhi. Shown is a marketplace in Delhi. Microeconomics is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce ...

6. List of unsolved problems in economics - Wikipedia

   en.wikipedia.org/wiki/List_of_unsolved_problems...

   Equity premium puzzle: The equity premium puzzle is thought to be one of the most important outstanding questions in neoclassical economics. [6] It is founded on the basis that over the last one hundred years or so the average real return to stocks in the US has been substantially higher than that of bonds.

7. Utility maximization problem - Wikipedia

   en.wikipedia.org/wiki/Utility_maximization_problem

   In microeconomics, the utility maximization problem is the problem consumers face: "How should I spend my money in order to maximize my utility?" It is a type of optimal decision problem . It consists of choosing how much of each available good or service to consume, taking into account a constraint on total spending (income), the prices of the ...

8. Economics - Wikipedia

   en.wikipedia.org/wiki/Economics

   The earlier term for the discipline was "political economy", but since the late 19th century, it has commonly been called "economics". [22] The term is ultimately derived from Ancient Greek οἰκονομία (oikonomia) which is a term for the "way (nomos) to run a household (oikos)", or in other words the know-how of an οἰκονομικός (oikonomikos), or "household or homestead manager".

9. General equilibrium theory - Wikipedia

   en.wikipedia.org/wiki/General_equilibrium_theory

   In economics, general equilibrium theory attempts to explain the behavior of supply, demand, and prices in a whole economy with several or many interacting markets, by seeking to prove that the interaction of demand and supply will result in an overall general equilibrium.