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Product Details
- Hardcover: 563 pages
- Publisher: W.W. Norton & Co.; 3rd edition (March 17, 1992)
- Language: English
- Price: $78.6
Microeconomic Analysis hasbeen a fixture of graduate programs in economics for fifteen years. Ithas held this position because it has the authority, the clarity, andthe breadth necessary for a classic text. This new Third Editioncontinues to supply the building blocks of microeconomic analysis: athorough treatment of optimization and equilibrium methods, coupledwith numerous examples of their application. The Third Editionexpands on the earlier editions in two ways. First, the existingcoverage has been rewritten and rearranged. Second, new chapters havebeen added on game theory, oligopoly, asset markets, and informationeconomics. The rearrangement follows the model of Hal Varian'sIntermediate Microeconomics: a number of short chapters, each devotedto a single topic. In fact, the topical division is as close aspossible to that of the undergraduate text. This makes it easy toreview undergraduate material before moving on to graduate material.The new chapters highlight significant developments in microeconomictheory in the last ten years at a level that is accessible forfirst-year graduate students.
Classic features:
* Emphasis on the dual approach to consumer and firm behavior.
* Integration of the modem analytic approach with classical price theory
* Analysis of economic behavior using classical methods of comparative statics, duality, and nonparametric methods.
* Emphasis on analytical techniques that are useful in applied research.
Highlights of the revision:
* New chapter on game theory that provides an appropriate introduction for first-year students.
* New chapter on oligopoly that features many of the recent developments in this area.
* New chapter on asset markets that describes "what every economist should know" about the theory of financial markets.
* New chapter on information economics that provides a unifiedtreatment of incentives and markets in the presence of informationasymmetries.
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