Competitive Colleges vs. Less Competitive Colleges. If you are not applying to extremely competitive colleges, a higher test score can probably do more to offset a weaker GPA. However, scoring well on tests doesnât mean you can completely forget about academics; your grades still need to be within or close to the average range for admitted students.
Principles of Microeconomics. Microeconomics is a branch of economics that studies of the behavior of households and firms, as well the supply and demand relationships between producers and consumers. The basic principles of microeconomics are The Nature and Functions of Product Markets, Factor Markets, and Market Failure and the Role of Government.
DEFINITION of 'Microeconomics'. The branch of economics that analyzes the market behavior of individual consumers and firms in an attempt to understand the decision-making process of firms and households.It is concerned with the interaction between individual buyers and sellers and the factors that influence the choices made by buyers and sellers.icroeconomics is generally the study of individuals and business decisions, macroeconomics looks at higher up country and ...