0
There is absolutely no real practical use of it (at least in its form of a college course). Bunch of complicated equations to prove really very simple things you probably know by using common sense. In my opinion its use is to make econonomics seem like a real science, because it would all be too simple if it was all just explained with words and graphs.
Microeconomics, in some other form could probably be useful as a guidance in decision making in business, its methods could be used to determine optimal solutions in certain situations, and to point out how to do some things more efficiently. However, that is the side of microeconomics I am yet to see, as I still have a couple of year until I graduate.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
Who is the father of microeconomics?
Who is the father of microeconomics?
What is the advantages of microeconomics?
Advantages of microeconomics ?
What are the microeconomics problems in Philippines?
what are the microeconomics problems in philippines
bbs 1st year economics important questions?
explain the types of microeconomics
What does the term microeconomics refer to?
Microeconomics refers to a small, localized economy.
Do humans experience rutherfordium in there everyday life?
Rutherfordium has no practical use.
Who is the father of microeconomics?
Who is the father of microeconomics?
What is the advantages of microeconomics?
Advantages of microeconomics ?
What are the examples of microeconomics related to human's life?
Microeconomics deals with economics at the level of the individual or the firm. Therefore, just think about what you did today. Every time you chose one soft drink over another you were dealing with micro, every time you chose to use a bus instead of a train....micro! almost every decision you face each day will relate to microeconomics in some way.
What are the microeconomics problems in Philippines?
what are the microeconomics problems in philippines
bbs 1st year economics important questions?
explain the types of microeconomics
Define practical relevance?
Practical relevance refers to the direct applicability or usefulness of a concept, theory, or research findings in real-world situations or the impact it can have on practical decision-making or problem-solving. It signifies the ability of information to be relevant and beneficial in addressing tangible issues or improving outcomes in practical settings.
What does the term microeconomics refer to?
Microeconomics refers to a small, localized economy.
Is tata group included in microeconomics or macroeconomics why?
microeconomics im not sure why
What are the Methodological differences between microeconomics and macroeconomics?
difference in methodology for microeconomics and macroeconomics?
What are some example of microeconomics?
Example of microeconomics are :householdsbussiness firmsindustrial activities etc..
What is a practical applicatiion?
A real life demonstration is a practical application of something
