Microeconomics analysis

Microeconomic Analysis has been a fixture of graduate programs in economics for fifteen years. It has held this position because it has the authority, the clarity, and the breadth necessary for a classic text. This new Third Edition continues to supply the building blocks of microeconomic analysis: a thorough treatment of optimization and equilibrium methods, coupled with numerous examples of their application.The Third Edition expands on the earlier editions in two ways. First, the existing coverage has been rewritten and rearranged. Second, new chapters have been added on game theory, oligopoly, asset markets, and information economics. The rearrangement follows the model of Hal Varian's Intermediate Microeconomics: a number of short chapters, each devoted to a single topic. In fact, the topical division is as close as possible to that of the undergraduate text. This makes it easy to review undergraduate material before moving on to graduate material. The new chapters highlight significant developments in microeconomic theory in the last ten years at a level that is accessible for first-year graduate students. Contents......Page 1 Ch.1 Technology......Page 7 Ch.2 Profit Maximization......Page 18 Ch.3 Profit Function......Page 27 Ch.4 Cost Minimization......Page 31 Ch.5 Cost Function......Page 39 Ch.6 Duality......Page 47 Ch.7 Utility Maximization......Page 54 Ch.8 Choice......Page 65 Ch.9 Demand......Page 79 Ch.10 Consumers Surplus......Page 87 Ch.11 Uncertainty......Page 93 Ch.12 Econometrics......Page 106 Ch.13 Competitive Markets......Page 114 Ch.14 Monopoly......Page 123 Ch.15 Game Theory......Page 136 Ch.16 Oligopoly......Page 149 Ch.17 Exchange......Page 163 Ch.18 Production......Page 176 Ch.19 Time......Page 186 Ch.20 Asset Markets......Page 191 Ch.21 Equilibrium Analysis......Page 200 Ch.22 Welfare......Page 209 Ch.23 Public Goods......Page 214 Ch.24 Externalities......Page 223 Ch.25 Information......Page 227 Ch.26 Mathematics......Page 243 Ch.27 Optimization......Page 250 References......Page 260 Answers......Page 264 Index......Page 278

Microeconomic Analysis has been a fixture of graduate programs in economics for fifteen years, providing unique authority, clarity, and breadth of coverage.

The Third Edition continues to supply the building blocks of microeconomic analysis: a thorough treatment of optimization and equilibrium methods, coupled with numerous examples of their application. The Third Edition expands on the earlier editions in two ways. First, the coverage has been rewritten and rearranged. Second, chapters have been added on game theory, oligopoly, asset markets, and information economics. The new chapters fully update the text, highlighting significant developments of the last decade at a level that is accessible for first-year graduate students.