He was also teaching graduate courses in economics of development, microeconomic theory and contract theory.
Throughout the 1950s and 1960s most development economist regarded the application of standard "core" microeconomic theory to their area as being entirely inappropriate.
It is considered a classic exposition of microeconomic theory.
His main fields of current and future research interests are in public economics, microeconomic theory and political economy.
Because of complicating factors, this analysis is sometimes used to discuss possible flaws in current microeconomic theory.
Long before it was fashionable, Becker brought microeconomic theory to offbeat topics, the family and crime in particular.
In traditional microeconomic theory, only prospective (future) costs are relevant to an investment decision.
In neoclassical microeconomic theory, the term profit has two related but distinct meanings.
In neoclassical economics, exploitation is organizational, explained using microeconomic theory.
Traditional microeconomic theory stressed this link between property rights and efficiency.