Microeconomic Theory

Microeconomic Theory

3.94 (307 ratings by Goodreads)
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Many instructors of microeconomic theory have been waiting for a text that provides balanced and in-depth analysis of the essentials of microeconomics. Masterfully combining the results of years of teaching microeconomics at Harvard, Andreu Mas-Colell, Michael Whinston, and Jerry Green have filled that conspicuous vacancy with their groundbreaking text, Microeconomic Theory. The authors set out to create a solid organizational foundation upon which to build the effective teaching tool for microeconomic theory--the result presents unprecedented depth of coverage in all the essential topics, while allowing professors to "tailor-make" their course to suit personal priorities and style. Topics such as noncooperative game theory, information economics, mechanism design, and general equilibrium under uncertainty receive the attention that reflects their stature within the discipline. The authors devote an entire section to game theory alone, making it "free-standing" to allow instructors to return to it throughout the course when convenient. Discussion is clear, accessible, and engaging, enabling the student to gradually acquire confidence as well as proficiency.Extensive exercises within each chapter help students to hone their skills, while the text's appendix of terms, fully cross-referenced throughout the previous five sections, offers an accessible guide to the subject matter's terminology.Teachers of microeconomics need no longer rely upon scattered lecture notes to supplement their textbooks. Deftly written by three of the field's most influential scholars, Microeconomic Theory brings the readability, comprehensiveness, and versatility to the first-year graduate classroom that has long been missing.show more

Product details

  • Hardback | 998 pages
  • 200.66 x 259.08 x 50.8mm | 2,100.12g
  • Oxford University Press Inc
  • New York, United States
  • English
  • New.
  • numerous line figures
  • 0195073401
  • 9780195073409
  • 792,947

Review quote

"Clear, comprehensive, and deep! The authors' treatment is both contemporary and probing, covering all aspects of modern microeconomic theory at a level accessible to graduate students, and which goes beyond simple statement of results to underscore the underlying intuition. This text should be a standard for graduate study in microeconomics!"--Lars Stole, University of Chicago"An excellent, comprehensive text."--Michael Jerison, SUNY at Albany"Broader and deeper than any graduate microeconomics textbook I know."--Rajeev Dehejia, Harvard"Outstanding! The choice of topics, coverage, and degree of sophistication is perfect for a first-year graduate theory sequence."--Glenn MacDonald, W.E. Simm Graduate School of Business"Extremely helpful as a teaching aid in a first year graduate theory course. It covers a great deal of material, motivating the material with informal discussion yet presenting it compactly and rigorously, with illuminating diagrams and formal examples. There is also a wealth of interesting homework problems."--Truman F. Bewley, Yale Universityshow more

Table of contents

PART I: INDIVIDUAL DECISION-MAKING; Introduction to Part I; 1. Preference and Choice; 2. Consumer Choice; 3. Classical Demand Theory; 4. Aggregate Demand; 5. Production; 6. Choice under Uncertainty; PART II: GAME THEORY; Introduction to Part II; 7. Basic Elements of Non-Cooperative Games; 8. Simultaneous-Move Games; 9. Dynamic Games; PART III: MARKET EQUILIBRIUM AND MARKET FAILURE; Introduction to Part III; 10. Competitive Markets; 11. Extrnalities and Public Goods; 12. Market Power; 13. Adverse Selection, Signalling, and Screening; 14. The Principal-Agent Problem; PART IV: GENERAL EQUILIBRIUM; Introduction to Part IV; 15. General Equilibrium Theory: Some Examples; 16. Equilibrium and its Basic Welfare Properties; 17. The Positive Theory of Equilibrium; 18. Some Foundations for Competitive Equilibria; 19. General Equilibrium under Uncertainty; 20. Equilibrium and Time; PART V: WELFARE ECONOMICS AND INCENTIVES; Introduction to Part V; 21. Social Choice Theory; 22. Elements of Welfare Economics and Axiomatic Bargaining; 23. Incentives and Mechanism Design; Mathematical Appendixshow more

Rating details

307 ratings
3.94 out of 5 stars
5 38% (118)
4 32% (99)
3 20% (60)
2 5% (15)
1 5% (15)
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