Advanced Microeconomic Theory: An Intuitive Approach with Examples (Mit Press) - Hardcover

Munoz-Garcia, Felix

Hardcover

ISBN 10: 0262035448 ISBN 13: 9780262035446

Publisher: The MIT Press, 2017

Synopsis

An introduction to advanced topics in microeconomics that emphasizes the intuition behind assumptions and results, providing examples that show how to apply theory to practice.

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.

About this title

About the Author

Felix Muñoz-Garcia is Associate Professor in the School of Economic Sciences at Washington State University.

Edition details

• Publisher: The MIT Press
• Publication date: 2017
• Language: English
• ISBN 10: 0262035448
• ISBN 13: 9780262035446
• Binding: Hardcover
• Number of pages: 896