100 Microeconomics Research Paper Topics For Your Inspiration
Microeconomics is a foundation course for students with such majors as Economics, Business Informatics, Management, Marketing, Business Administration etc. How to start an economics paper? Which topic to choose? How to come up with the topic? This article will give you a great inspiration and will help you to choose the best topic for your microeconomics research paper.
5 Things You Should Know to Write a Paper in Microeconomics
To start with, I want to give you several tips for your research paper! Enjoy!
1) Microeconomics is characterized by polarity of views. Different economists have various opinion on a particular aspect of microeconomics. There are “schools” of economics that have their own ideology, which cover all aspects of both micro and macroeconomics. You should take it into account when you consider a particular phenomenon.
2) Do not confuse with macroeconomics! In fact, the difference is quite clear – macroeconomics studies economy as a whole, while microeconomics studies behavior of a firm and individuals and their interaction in decision making considering allocation of scarce resources.
3) There are a lot of original sources in microeconomics – papers of economists of XIX, XX centuries that cover various phenomena. Besides, they are not very difficult to understand. Using those works as your literature sources will make your microeconomics research paper more valuable.
4)Microeconomics is an exact science. Any phenomenon or concept could be described with graphs and math calculations. Make sure to include them into your paper!
5)Microeconomics is actually funny. Any daily-life moments could be analyzed from the perspective of microeconomics .
In order to get a clearer understanding of a topic we highly recommend to read writing tips for economic research paper from Harvard.
Areas of Research In Microeconomics
I want to start with a brief overview of microeconomics. In order to start you need to choose a broad area of your research and then focus on a particular question you are interested in. So, which areas can we identify in microeconomics?
- Basics of microeconomics (Principles, Object and subject of study, etc)
- Supply and demand in market economy
- Perfect competition
- Imperfect competition
- Economy of uncertainty
- Theory of firm
- Theory of production
- Labor market
- Capital market
- Land market
- Imperfection of market
100 Microeconomics Topics
We have a list of great topics for you! We are sure that you will be able to choose one that is the most interesting for you.
- Formation and development of ideas about the subject of economic theory (based on the works of R. Heilbroner, M. Allais and L. Robbins)
- The role of the market in the civilizational process
- Rational economic behavior (according to the works of M. Olson, G. Becker, G. Simon, O. Williamson, T. Skitovski): examples from the economic practice of USA
- Subjective revolution in pricing: the theory of marginal utility
- The theory of consumer choice: a comparative analysis of cardinal and ordinal approaches
- The mechanism of a market equilibrium: static and dynamic market efficiency
- Analysis of exclusions from the law of demand (based on the work of H. Leibenstein)
- The economic nature of the firm and the purpose of its activities (R. Coase’s article “Nature of the firm”)
- Theoretical and practical analysis of production costs (example of a particular firm)
- Perfect competition in a market economy
- The concept of elasticity of demand and its role in making economic decisions
- The market model of imperfect competition and profit maximization under the conditions of pure monopoly (according to J. Robinson’s work “Economic theory of imperfect competition”)
- The concept of consumer surplus and producer surplus in the context of perfect and imperfect competition. The problem of “pure” losses from monopolization
- Theory and practice of price discrimination in the economy of the United States and EU countries
- Natural monopoly and regulation of its activities in the USA and foreign countries.
- Economic theories of oligopolistic pricing. “Broken” demand curve and other formal models of oligopoly
- Maximization of profits in the oligopolistic industry (according to J. Stigler’s Theory of Oligopoly)
- The market of monopolistic competition with product differentiation (according to E. Chamberlin’s Theory of Monopolistic Competition)
- Antitrust regulation in a market economy: experience of the US, Russia and other countries
- Asymmetric information and adverse market selection
- The theory of transaction costs of the firm: institutional analysis (based on the works of R. Coase, O. Williamson )
- The theory of marginal productivity of factors of production (according to the work of J.B Clarke “The distribution of wealth: the theory of wages, interest and profits”).
- The problem of costs minimization in the markets of factors of production
- Maximization of firm profit in the short-term period in the markets of factors of production (in context of perfect and imperfect competition).
- Differentiation of wage rates and its causes
- The market of natural resources and natural rent. Natural economy of the USA
- Schumpeter about entrepreneurship as a factor of production
- Modern concepts of profit (according to the works of F. Knight, J. Schumpeter and J. Weston)
- External effects as a manifestation of market failure. Coase’s theorem (based on R. Coase’s work “Firm, Market and Law”)
- The role of human capital in the modern economy
- Effect and efficiency: technical, economic and socio-economic efficiency
- The evolution of labor relations in the US and Japan: the general and the difference
- Individual behavior: consumer theory
- The consumer choice of addictive goods as deviation from rational behavior: risks and self-control
- Individual behavior: manufacturer theory (technology, cost minimization, profit maximization)
- Coase’s theorem and practical aspects of its application
- The value of an estimate of the elasticity of supply and demand for entrepreneurial practice
- The general equilibrium in the exchange economy: L. Walras, V. Pareto, F. Edgeworth
- The role of large enterprises in the US economy and the problems of improving their efficiency
- The role and importance of small business, the situation in the modern economy of US
- Factors of economy on the scale of production
- Features of competitive strategies of firms in the service sector
- Fast-growing firms as a factor in the economic growth of national economy.
- The firm as an incomplete contract. The Grossman-Hart theory.
- Neoclassical theory of the firm
- Mergers and acquisitions: theoretical and practical aspects
- Price strategy of the company in context of imperfect competition
- Strategic interactions of firms: competition based on the choice of volumes of production (capacities), competition based on the choice of prices
- Advantages of the network form of business organization
- Transaction costs as key factor of the firm’s viability in the new economy
- Advertising as a factor reducing transaction costs
- Transactional sector of the economy and prospects for its development.
- A feature of the development of network business in world practice
- Features of the application of contract production as a way to increase the competitiveness of a modern firm
- Features of the development of franchising in modern conditions. World experience and USA practice
- The role of a demanding consumer in the increasing competitiveness of USA firms
- The Lagrange method and the possibility of its application in calculating the equilibrium of the consumer
- Transaction costs as a way to reduce the uncertainty of the external environment
- Trends in the formation and development of the “knowledge economy”: foreign experience and US practice
- The elasticity of supply and demand and its importance for entrepreneurial practice
- Formation of demand in the markets of consumer goods, taking into account the elasticity factor
- Differentiation of the product as a factor of non-price competition
- Competitive strategies of large enterprises in the context of the “new economy”
- Competitive strategies of small enterprises
- Strategic interactions of firms: collusion under oligopolistic competition
- Bertrand’s duopoly model: content, comparative analysis with duopoly Cournot, practical aspects of use
- Stukelberg duopoly model: content, comparative analysis with duopoly Cournot, practical aspects of use.
- Practical application of the maximization of profit rule
- Labor-saving technologies in the Russian industry
- Elements of game theory: the possibility of using microeconomic analysis in practice
- Bertrand’s model and price wars in oligopolistic industries. Applied aspects of the Cournot model in oligopolistic markets. Factors affecting the stability of cartel agreements
- Economic welfare theory: the main provisions and practices
- Market structures: monopoly and monopolistic behavior. Oligopoly in the modern economy
- Analysis of the impact of USA membership in the WTO
- Strategic interaction of firms in the oligopolistic market
- Influence of market structure on incentives for innovation (on the example of the pharmaceutical market)
- Concentration of production in the sectors of domestic industry
- Natural monopolies and their place in Japan economy
- Theory and practice of anti-monopolistic regulation.
- The problem of monopolization of the market and antimonopoly policy in France
- Price discrimination and its implementation in various market structures: positive and negative consequences.
- Use of indices of production concentration for antimonopoly regulation purposes
- Labor productivity and its role in enhancing the firm’s competitiveness
- Features of the formation and functioning of the labor market in USA
- Factors shaping the supply and demand for labor, taking into account the specific features of the USA economy
- Modern wage systems and the problem of fair wages in the USA
- The accumulation of capital as the driver of monopolization of the modern economy.
- The meaning of “long money” for the development of the Russian economy.
- Diffusion of capital as a sign of transformation of a modern market economy.
- Rent relations in a modern market economy
- The peculiarity of the functioning of enterprises organized in the form of franchising: world experience and US practice.
- Bureaucracy: institutional nature and impact on socio-economic development.
- Behavioral economics: criticism of the concept of rational choice.
- The theory of contracts and the problem of motivation in the relations of the agent-principal.
- Dynamics of the Ginny index as a reflection of the problem of inequality in income distribution.
- Methods for solving the market fiasco problem in the context of information asymmetry
- Ways to reduce the asymmetry of information in developed markets
- Negative vertical externalities: the problem of double marginalization
- Formation of institutions in developed and transitional economies
- Model of man in institutional and neoclassical theory: comparative analysis