Yet, a very welcome compilation of materials to illustrate concepts in economics by the American Economic Association, tellingly labeled "real-world economics", reveals a dominance of microeconomic applications and a striking underrepresentation of questions in macroeconomics and public finance.
The first question to ask of any existing microeconomic policy, or of any proposed new one, is simply whether it promotes competition.
Microeconomic failure is not macroeconomic failure.
The benefits of microeconomic reform were always oversold.
Now, let's reduce this theory to microeconomic reality.
But the "positive agenda" of microeconomic measures could speed up.
"It's at the macro- and microeconomic levels".
Economists outside Germany agree that microeconomic reforms were necessary.
A bold microeconomic agenda will not yield instant rewards.
"Rogernomics" consisted of both microeconomic reform and macroeconomic stabilisation.
He wrote an introductory text on econometrics and, with Richard Layard, the standard textbook Microeconomic Theory (1977).
