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020 _a9780262044233
040 _cIIT Kanpur
041 _aeng
082 _a338.5
_bEs65i
100 _aEspinola-Arredondo, Ana
245 _aIntermediate microeconomic theory
_btools and step-by-step examples
_cAna Espinola-Arredondo and Felix Muñoz-Garcia
260 _bThe MIT Press
_c2020
_aCambridge
300 _axxiii, 478p
520 _aA short, rigorous introduction to intermediate microeconomic theory that offers worked-out examples, tools for solving exercises, and algebra support. This book takes a concise, example-filled approach to intermediate microeconomic theory. It avoids lengthy conceptual description and focuses on worked-out examples and step-by-step solutions. Each chapter presents the basic theoretical elements, reducing them to their main ingredients, and offering several worked-out examples and applications as well as the intuition behind each mathematical assumption and result. The book provides step-by-step tools for solving standard exercises, offering students a common approach for solving similar problems. The book walks readers through each algebra step and calculation, so only a basic background in algebra and calculus is assumed. The book includes 140 self-assessment exercises, giving students an opportunity to apply concepts from previous worked-out examples. Topics covered include consumer theory; substitution and income effect; welfare gain or loss from a price change; and choice under uncertainty. Shifting to a firm theory, the book discusses production functions, cost minimization, perfectly competitive markets, and monopolies. Two chapters on game theory provide building blocks for subsequent chapters that treat imperfect markets; games of incomplete information and auctions; contract theory; and externalities, public goods, and common pool resources. The book is suitable for use in undergraduate intermediate microeconomics courses, rigorous introduction to microeconomics courses, and managerial economics at the masters level.
650 _aMicroeconomics
650 _aMathematics
700 _aMuñoz-Garcia, Felix
942 _cTXT
999 _c566888
_d566888