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Microeconomic Foundations I
Choice and Competitive Markets
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Microeconomic Foundations I
$10900
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Book Hero Magic created this recommendation. While it's new and still learning, it may not be perfect - your feedback is welcome! IS THIS YOUR NEXT READ?
This book is ideal for graduate students, educators, and scholars in economics seeking a rigorous, in-depth understanding of microeconomic theory foundations. It complements standard first-year graduate textbooks and suits those determined to master economic modelling and reasoning at an advanced level.
Provides a treatment of some of the basic tools of economic modeling and reasoning, along with an assessment of the strengths and weaknesses of these tools. This title develops the choice, price, and general equilibrium theory topics typically found in first-year theory sequences, but in complete mathematical form.
Book Hero Magic formatted this description to make it easier to read. While it's new and
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Description
Microeconomic Foundations I develops the choice, price, and general equilibrium theory topics typically found in first-year theory sequences, but in deeper and more complete mathematical form than most standard texts provide. The objective is to take the reader from acquaintance with these foundational topics to something closer to mastery of the models and results connected to them.
Provides a rigorous treatment of some of the basic tools of economic modelling and reasoning, along with an assessment of the strengths and weaknesses of these tools. Complements standard texts and covers:
- Choice, preference, and utility
- Structural properties of preferences and utility functions
- Basics of consumer demand
- Revealed preference and Afriat's Theorem
- Choice under uncertainty
- Dynamic choice
- Social choice and efficiency
- Competitive and profit-maximising firms
- Expenditure minimisation
- Demand theory (duality methods)
- Producer and consumer surplus
- Aggregation
- General equilibrium
- Efficiency and the core
- GET, time, and uncertainty
- Other topics
Features a free web-based student's guide, which gives solutions to approximately half the problems, and a limited-access instructor's manual, which provides solutions to the rest of the problems. Contains appendixes that review most of the specific mathematics employed in the book, including a from-first-principles treatment of dynamic programming.
Book Hero Magic summarised reviews for this book. While it's new and still learning, it may not be perfect - your feedback is welcome! HOW HAS THIS BEEN REVIEWED?
Esteemed economists praise the book for its precision, readability, and depth. Vincent P. Crawford describes it as a "masterful treatment" that addresses interpretative and motivational questions often overlooked. Nobel Laureate Thomas J. Sargent calls it a "gold mine" for students and educators eager to grasp the foundations of modern economics, highlighting Kreps's influential contributions. The text's insightful and rigorous approach makes it an essential resource for graduate students.
Book Details
INFORMATION
ISBN: 9780691155838
Publisher: Princeton University Press
Format: Hardback
Date Published: 28 October 2012
Country: United States
Imprint: Princeton University Press
Illustration: 46 line illus. 5 tables.
Audience: Tertiary education, Professional and scholarly
DIMENSIONS
Width: 178.0mm
Height: 254.0mm
Weight: 1162g
Pages: 584
About the Author
David M. Kreps is the Adams Distinguished Professor of Management at Stanford University's Graduate School of Business. His books include "A Course in Microeconomic Theory" (Princeton), "Game Theory and Economic Modelling", "Notes on the Theory of Choice", and "Microeconomics for Managers".
Also by David M. Kreps
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