Microeconomics studies the behaviour of individuals, firms and households as scarce resources are allocated amongst agents. It aims to analyse the market mechanisms used to allocate these resources efficiently, and what happens if these mechanisms fail.
The following summary pages are currently available, which aim to give a brief overview of a particular area in microeconomics and a list of the models within that topic. These are a good starting point for browsing through microeconomics as they aim to put models into context and explain the links between the various models.
Below is a list of all the microeconomic models currently available: