What type of economics does an 11% increase in university tuition represent?

An 11% increase in university tuition falls under microeconomics because it deals with the behavior of individual units, such as consumers and firms, within the economy. Microeconomics focuses on how decisions are made by individuals and businesses, as well as the interaction among different markets. The increase in tuition directly affects students (consumers of higher education) and the university (a provider of that service), illustrating how changes in price influence supply and demand in the education market.

In contrast, macroeconomics examines broader economic factors such as national income, inflation, and unemployment, which would not specifically delve into tuition increases of individual institutions. Behavioral economics looks at psychological factors that influence economic decisions, while development economics focuses on the economic development of nations, particularly in relation to poverty and growth strategies. The specific scenario of tuition hikes is best understood from the perspective of microeconomics, emphasizing individual choices and market dynamics.