Microfoundations

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At a glance

Class

Notion

Domain

Science and technology

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What Wikipedia says

Microfoundations are an effort to understand macroeconomic phenomena in terms of individual agents' economic behavior and interactions. Research in microfoundations explores the link between macroeconomic and microeconomic principles in order to explore the aggregate relationships in macroeconomic models.

Excerpt from the Wikipedia article “Microfoundations”, under the CC BY-SA 4.0 license. Read the article on Wikipedia