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.
Bibliography, etc. Note
Includes bibliographical references and index.
Formatted Contents Note
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. Externalities 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