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.

**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: Chapter 7: Basic Elements of Non-Cooperative Games

8: Chapter 8: Simultaneous-Move Games

9: Chapter 9: Dynamic Games

**Part III: Market Equilibrium and Market Failure**

Introduction to Part III

10: Chapter 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 Appendix

Andreu Mas-Colell / Jerry R. Green/ Michael Dennis Whinston

1st Edition

0195073401 | 9780195073409

eBook | Solution Manual

English

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