microeconomist
Studies individual markets
A microeconomist is an economist who specializes in microeconomics—the study of individual economic actors like households, firms, and markets rather than whole economies.
Microeconomists analyze how people make decisions about scarce resources, how prices form, and how markets function: The microeconomist studied how ride-sharing apps affect taxi pricing.
Furnish or stock
- demandForceful request or requirement
- monopolyOne seller, no substitutes
- oligopolyFew firms dominate market
- competitionStruggle for supremacy
Functional worth or purpose
- equilibriumState of balance
- elasticityTendency to resume original form
- marginalismTheory of incremental value
- externalitiesUncompensated effects on others
Maximizing efficiency or performance
- cost-benefitComparing expenditure to return
- trade-offsSacrifices for gains
- constraintsLimits on action
- allocationDistribution of shares
efficiency · regression · counterfactual · econometrics · empirical · modeling · simulation · calibration
One who studies systematically
- academicRelating to education or theory
- professorSenior university teacher
- consultantProfessional advice provider
- econometricianEconomic statistics specialist
theorist · lecturer · tenure · publication · dissertation · faculty · think-tank · treasury
supply
Furnish or stock
- demandForceful request or requirement
- monopolyOne seller, no substitutes
- oligopolyFew firms dominate market
competition · antitrust · pricing · duopoly · monopsony · cartels
utility
Functional worth or purpose
- equilibriumState of balance
- elasticityTendency to resume original form
- marginalismTheory of incremental value
optimization
Maximizing efficiency or performance
- cost-benefitComparing expenditure to return
- trade-offsSacrifices for gains
- constraintsLimits on action
allocation · efficiency · regression · counterfactual · econometrics · empirical · modeling · simulation · calibration · identification
researcher
One who studies systematically
- academicRelating to education or theory
- professorSenior university teacher
- consultantProfessional advice provider
econometrician · theorist · lecturer · tenure · publication · dissertation · faculty · think-tank · treasury