Microeconomic Theory – A. Mas-Colell, M. Whinston, J. Green – 1st Edition


Many instructors of have been waiting for a text that provides balanced and in-depth of the essentials of microeconomics. Masterfully combining the results of years of teaching microeconomics at Harvard , Andreu , Michael , and Jerry Green have filled that conspicuous vacancy with their groundbreaking text, .

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 , 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 to gradually acquire confidence as well as proficiency. Extensive exercises within each chapter help 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.

Table of Content

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

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