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Table of contents:
This textbook aims to provide a comprehensive overview of the essentials of microeconomics. It offers unprecedented depth of coverage, whilst allowing lecturers to 'tailor-make' their courses to suit personal priorities. Covering topics such as noncooperative game theory, information economics, mechanism design and general equilibrium under uncertainty, it is written in a clear, accessible and engaging style and provides practice exercises and a full appendix of terminology.
Contents:
Part I: Individual Decision-Making
- Introduction to Part I
- Chapter 1: Preference and Choice
- Chapter 2: Consumer Choice
- Chapter 3: Classical Demand Theory
- Chapter 4: Aggregate Demand
- Chapter 5: Production
- Chapter 6: Choice under Uncertainty
- Part II: Game Theory
- Introduction to Part II
- Chapter 7: Basic Elements of Non-Cooperative Games
- Chapter 8: Simultaneous-Move Games
- Chapter 9: Dynamic Games
- Part III: Market Equilibrium and Market Failure
- Introduction to Part III
- Chapter 10: Competitive Markets
- Chapter 11: Externalities and Public Goods
- Chapter 12: Market Power
- Chapter 13: Adverse Selection, Signalling, and Screening
- Chapter 14: The Principal-Agent Problem
- Part IV: General Equilibrium
- Introduction to Part IV
- Chapter 15: General Equilibrium Theory: Some Examples
- Chapter 16: Equilibrium and its Basic Welfare Properties
- Chapter 17: The Positive Theory of Equilibrium
- Chapter 18: Some Foundations for Competitive Equilibria
- Chapter 19: General Equilibrium under Uncertainty
- Chapter 20: Equilibrium and Time
- Part V: Welfare Economics and Incentives
- Introduction to Part V
- Chapter 21: Social Choice Theory
- Chapter 22: Elements of Welfare Economics and Axiomatic Bargaining
- Chapter 23: Incentives and Mechanism Design.
Brief Description:
Intended for a graduate-level course on microeconomic theory, this text includes chapters on: competitive markets; externalities and public goods; market power; adverse selection; signalling and screening; and the principal-agent problem.
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