Description
The economic field that studies the behaviour and interactions between specific actors of the economy, namely consumers and firms. It is the field that analyses the decision-making process of individuals and the factors that influence purchasing decisions.
Alternative labels
micro-economics
Skill type
knowledge
Skill reusability level
occupation-specific
Relationships with occupations
Essential knowledge
Microeconomics is an essential knowledge of the following occupations:
Financial analyst:
Financial analysts conduct economic research and elicit valuable analyses on financial matters such as profitability, liquidity, solvency, and asset management. They provide recommendations on financial matters for decision-making processes. Financial analysts work in both the public and the private sector.
Optional knowledge
Microeconomics is optional for these occupations. This means knowing this knowledge may be an asset for career advancement if you are in one of these occupations.
References
- Microeconomics – ESCO
