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Book details
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Author : Felix Muñoz-Garcia
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Pages : 896 pages
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Publisher : The MIT Press 2017-08-18
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Language : English
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ISBN-10 : 0262035448
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ISBN-13 : 9780262035446
Book Synopsis
This textbook offers an introduction to advanced microeconomic theory that emphasizes the intuition behind mathematical assumptions,
providing step-by-step examples that show how to apply theoretical models. It covers standard topics such as preference relations, demand
theory and applications, producer theory, choice under uncertainty, partial and general equilibrium, monopoly, game theory and imperfect
competition, externalities and public goods, and contract theory; but its intuitive and application-oriented approach provides students with a
bridge to more technical topics. The book can be used by advanced undergraduates as well as Masters students in economics, finance, and public
policy, and by PhD students in programs with an applied focus. The text connects each topic with recent findings in behavioral and experimental
economics, and discusses these results in context, within the appropriate chapter. Step-by-step examples appear immediately after the main
theoretical findings, and end-of chapter exercises help students understand how to approach similar exercises on their own. An appendix reviews
basic mathematical concepts. A separate workbook, Practice Exercises for Advanced Microeconomic Theory, offers solutions to selected
problems with detailed explanations. The textbook and workbook together help students improve both their theoretical and practical preparation
in advanced microeconomics.