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.
Microeconomics is the analysis of the decisions made by individuals and groups, the factors that affect those decisions, and how those decisions affect others.. By Mike Moffatt. Like most definitions in economics, there are plenty of competing ideas and ways to explain the term microeconomics.As one of the two branches of the study of economics, an understanding of microeconomics and how it relates to the other branch, macroeconomics, is critical.icroeconomics is the analysis of the decisions made by individuals and groups, the factors that affect those decisions, and how those decisions affect others.. Microeconomic decisions by both small businesses and individuals are mainly motivated by cost and benefit considerations.