A Short Course in Intermediate Microeconomics with Calculus

This second edition continues to present all the standard topics in microeconomics, with calculus, concisely, clearly and with a sense of humor.

Roberto Serrano (Author), Allan M. Feldman (Author)

9781108439190, Cambridge University Press

Paperback / softback, published 13 September 2018

524 pages, 129 b/w illus.
25.4 x 20.4 x 1.8 cm, 1.02 kg

'This thoughtfully conceived and beautifully written textbook covers all of the material that one would hope to see in a modern course on intermediate microeconomics, from consumer theory and general equilibrium, to game theory and markets with asymmetric information. Rich examples and exercises follow each chapter and, all-combined, make this a masterfully executed book.' Philip J. Reny, Hugo F. Sonnenschein Distinguished Service Professor in Economics, University of Chicago

This second edition retains the positive features of being clearly written, well organized, and incorporating calculus in the text, while adding expanded coverage on game theory, experimental economics, and behavioural economics. It remains more focused and manageable than similar textbooks, and provides a concise yet comprehensive treatment of the core topics of microeconomics, including theories of the consumer and of the firm, market structure, partial and general equilibrium, and market failures caused by public goods, externalities and asymmetric information. The book includes helpful solved problems in all the substantive chapters, as well as over seventy new mathematical exercises and enhanced versions of the ones in the first edition. The authors make use of the book's full color with sharp and helpful graphs and illustrations. This mathematically rigorous textbook is meant for students at the intermediate level who have already had an introductory course in microeconomics, and a calculus course.

1. Introduction
Part I. Theory of the Consumer: 2. Preferences and utility
3. The budget constraint and the consumer's optimal choice
4. Demand functions
5. Supply functions for labor and savings
6. Welfare economics 1: the one-person case
7. Welfare economics 2: the many-person case
Part II. Theory of the Producer: 8. Theory of the firm 1: the single-input model
9. Theory of the firm 2: the long run, multiple-input model
10. Theory of the firm 3: the short run, multiple-input model
Part III. Partial Equilibrium: Market Structure: 11. Perfectly competitive markets
12. Monopoly and monopolistic competition
13. Duopoly
14. Game theory
Part IV. General Equilibrium: 15. An exchange economy
16. A production economy
Part V. Market Failure: 17. Externalities
18. Public goods
19. Uncertainty and expected utility
20. Uncertainty and asymmetric information.

Subject Areas: Econometrics [KCH], Microeconomics [KCC], Economics [KC]