Microeconomics seeks to make sense of the behaviour of individuals, households and firms. It aims to answer questions such as: if incomes rise, how will individuals spend their surplus income, and on ...

The political underpinnings of mainstream microeconomics are examined by drawing on findings from the history of economic thought. By evaluating foundational concepts and notions, such as perfect ...

Donald Trump recently claimed his uncle, Dr. John Trump, a long-time MIT professor, taught Ted Kaczynski, the Unabomber. However, MIT refuted that Dr. Trump was the longest-serving professor. Records ...

Microeconomics aims to understand the behaviour of individuals and firms to interpret how they make decisions given the scarcity of resources. This is especially important for individuals, both in ...

Graduation at MIT, a moment of triumph and unity, took an unexpected turn for Indian-origin student Megha Vemuri. Her pre-commencement speech, which criticized MIT’s ties to the Israeli military and ...

A fifth company is set to move to an £18 million expanding business park, bringing 40 jobs with it. Marine & Industrial Transmissions (MIT) is set to take up residence at Walbrook Business Park, in ...

This past semester, our colleague Eleanor Clemans-Cope argued that the Princeton School of Public and International Affairs (SPIA) ought to replace its requirement that students learn introductory ...

A formula can be used to predict what happens when a new species is introduced into an ecosystem -- whether it will establish itself in the community or fail to gain a foothold and die out. When a new ...

An illustration of a magnifying glass. An illustration of a magnifying glass.

The study of microeconomics focuses on individuals and businesses, while macroeconomics focuses on the decisions made by governments and countries. In macroeconomics, we examine the economy as a whole ...