Microfoundations

Under micro-foundation, notably the microeconomic foundations of macroeconomic theory, is understood in economics, the direct derivation of macroeconomic behavioral equations of the micro-economic (ie microeconomic ) maximizing behavior ( utility maximization of households, profit maximization of the firm ).

The derivation of macro-economic functions of individual economic relations is one of the most difficult tasks of economic theory and generally represents an insoluble aggregation problem represents the micro-foundation to this intractable aggregation problem by an analogy between microeconomic and macroeconomic behavior equation is postulated.

Application

The New Macroeconomics (incl. New Classical Macroeconomics, New Keynesianism, New Macroeconomics ) is characterized for the most part by macroeconomic models, which have a completely microeconomic foundation.