Microeconometrics

Microeconometrics is a branch of economics that uses statistical methods to analyze individual-level data, such as households, firms, or consumers. It seeks to understand how personal choices, behaviors, and environmental factors influence economic outcomes. By applying these techniques, economists can identify relationships and causal effects, helping to inform policy decisions, improve market understanding, and predict individual actions. It bridges economic theory with real-world data, making it possible to study complex phenomena like consumer demand, labor participation, or pricing strategies at a detailed, granular level.