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Browse Microeconomics news, research and analysis from The Conversation. ... Articles on Microeconomics. Displaying all articles. Menu Close Home COVID-19 Arts+Culture Economy+Business Education Environment+Energy Ethics+Religion Health Politics+Society Science+Technology EnEspañol Edition Africa Australia Canada Canada(français) España France GlobalPerspectives Indonesia NewZealand UnitedKingdom UnitedStates Edition: Availableeditions UnitedStates Donate Getnewsletter Becomeanauthor Signupasareader Signin COVID-19 Arts+Culture Economy+Business Education Environment+Energy Ethics+Religion Health Politics+Society Science+Technology Articles Contributors Links ArticlesonMicroeconomics Displayingallarticles Microeconomistsstudyhowindividualsandcompaniesbalancetheirdesiresandneedswithcostsandavailableresources. invincible_bulldog/iStockviaGettyImages Microeconomicsanalyzeshowindividualsandbusinessesbehaveastheytrytogetthemosttheycanforaslittlemoneyaspossible. AlbanesedescribesAustraliaaspresentlyina‘productivityrecession’. JoelCarrett/AAP Inhissecond“visionstatement”Albanesesayshewantstopursuehis“productivityproject”,andpaintshimselfasafiscalconservativewellremovedfromBillShorten’staxandspendapproach. Theprinciplesthatdrivefinancialmarketsemphasizeshort-termprofitsatthecostoflong-termbenefits. Shutterstock Investorsareincreasinglyconcernedaboutclimatechange,butforthemarketstodeploytheirfullcapacities,thedominantprinciplesthatguidethemneedtoberevised. Specifywhatyouwant,andthatmightbeallyou’llget,whereasifyouarevague… Shutterstock Counterintuitively,vagueincentivesareoftenstrongerthanclearones. Theinternetiseverywhere,exceptintheeconomicgrowthfigures. Shutterstock TheinternethasalwaysbeenjustabouttodeliveranenormousspurtofeconomicgrowthorproductivitygrowthAnewmeta-analysisof59econometricstudiesfindsitisyettodoso. AU.S.supermarket. Pexels Weatherhasanimpactonthesalesofcertainproducts,andnewresearchshowsthattimelyadjustmentsinpriceandadvertisingcanmakeitpossibleforfirmstoincreaseprofits. EveninthemidstoftheeconomicdownturnKeatingwaskeentodefendthesurplus. DaveHunt/AAP The1990sobsessionwiththecurrentaccountlookssillywithhindsight,perhapsakintoourcurrentonewithfiscaldeficitsandsurpluses. Takingthebiscuit.UKorganisationsneedsomequalitycontrol. REUTERS/POOLNew EffortstofixtheUK’sfailuretomakemorestuffandbemoreprofitablefocustoofarupthechain. Gotmilk?Chinajoinsthelactoselovers. GwendolynStansbury Ignorethegloomaroundprospectsforemergingmarkets.Therearediamondsintherough. DeatoncelebrateshisawardatPrincetononMonday. Reuters/DominickReuter Theannualeconomicsawardrecognisesthevalueofmicroanalysisandgood,old-fashionedlegwork. Ifthere’sonethingwecansaywithcertainty,it’sthateconomicforecastingisfarfromanexactscience. Imagefromwww.shutterstock.com Onecertaintyabouteconomicforecastsisthat,almostcertainly,theywillprovetobeincorrect.Thebestforecasterscanhopeforisnottomakesystematicerrors–togetitrightonaverage–and… LiamLentenexplainswhythegovernmentspendsyourmoneyonsport. WelcometoSomeSportsEconomics,asix-partvideoseriesexplainingeconomicconceptsthroughsport,byLaTrobeUniversityseniorlecturer,LiamLenten.Inthesixthandfinalpartofthisseries,Liam… LiamLentenpresentsPart5ofSomeSportsEconomics. WelcometoSomeSportsEconomics,asix-partvideoseriesexplainingeconomicconceptsthroughsport,byLaTrobeUniversityseniorlecturer,LiamLenten.Inthefifthpartofthisseries,Liamlooksat… WelcometoPartfourofLiamLenten’sSomeSportsEconomics. WelcometoSomeSportsEconomics,asix-partvideoseriesexplainingeconomicconceptsthroughsport,byLaTrobeUniversityseniorlecturer,LiamLenten.Inthefourthpartofthisseries,Liamexplains… WelcometoSomeSportsEconomics,asix-partvideoseriesexplainingeconomicconceptsthroughsport,byLaTrobeUniversityseniorlecturer,LiamLenten.EverwonderedwhytheAFLdoesn’tchargemore… WelcometoSomeSportsEconomics,asix-partvideoseriesexplainingeconomicconceptsthroughsport,byLaTrobeUniversityseniorlecturer,LiamLenten.Inthesecondpartofthisseries,Liamgives… LiamLentenpresentsSomeSportsEconomics,asix-partvideowhichusessportinganalogiestoexplaincommoneconomicconcepts. YouTube WelcometoSomeSportsEconomics,asix-partvideoseriesexplainingeconomicconceptsthroughsport,byLaTrobeUniversityseniorlecturer,LiamLenten.Liamsays:“Iammotivatedtobetterexplainbasic… RelatedTopics Consumers Economics Emergingmarkets Macroeconomics Management Productivity Somesportseconomics TheConversationFrance Yogurt Topcontributors LiamLenten AdjunctSeniorLecturer,SchoolofEconomicsandPublicPolicy,LaTrobeUniversity GraemeWells UniversityAssociate,SchoolofEconomicsandFinance,UniversityofTasmania MichelleGrattan ProfessorialFellow,UniversityofCanberra WarwickSmith Researcheconomist,TheUniversityofMelbourne TerenceTse Professor,ESCPBusinessSchool MarkEsposito ProfessorofFourthIndustrialRevolution&GlobalShifts,ArizonaStateUniversity RichardHolden ProfessorofEconomics,UNSW VincentO'Sullivan LecturerinEconomics,LancasterUniversity KhaledSoufani SeniorFacultyinManagementPractice(Finance)atCambridgeJudgeBusinessSchool,UniversityofCambridge ChrisClegg ProfessorofOrganizationalPsychology,UniversityofLeeds AmitrajeetA.Batabyal AmitrajeetA.BatabyalisaFriendofTheConversation. ArthurJ.GosnellProfessorofEconomics,RochesterInstituteofTechnology CélineLouche Professor,Business&Society,Audencia ChrisDoucouliagos ProfessorofEconomics,DepartmentofEconomics,DeakinBusinessSchoolandAlfredDeakinInstituteforCitizenshipandGlobalisation,DeakinUniversity XavierRousset DoctorantenÉconomie,UniversitédeParis OctavioEscobar AssociateProfessorofEconomics,PSBParisSchoolofBusiness–UGEI More Links Email Twitter Facebook LinkedIn Feed Unfollowtopic Followtopic EditorialPolicies Communitystandards Republishingguidelines FriendsofTheConversation Analytics Ourfeeds Donate Getnewsletter Whoweare Ourcharter Ourteam Partnersandfunders Resourceformedia Contactus EnEspañol ​ ​ ​ ​