{"product_id":"intermediate-microeconomic-theory-isbn-9780262044233","title":"Intermediate Microeconomic Theory","description":"\u003cb\u003eA short, rigorous introduction to intermediate microeconomic theory that offers worked-out examples, tools for solving exercises, and algebra support.\u003c\/b\u003e\u003cp\u003eThis book takes a concise, example-filled approach to intermediate microeconomic theory. It avoids lengthy conceptual description and focuses on worked-out examples and step-by-step solutions. Each chapter presents the basic theoretical elements, reducing them to their main ingredients, and offering several worked-out examples and applications as well as the intuition behind each mathematical assumption and result. The book provides step-by-step tools for solving standard exercises, offering students a common approach for solving similar problems. The book walks readers through each algebra step and calculation, so only a basic background in algebra and calculus is assumed. The book includes 140 self-assessment exercises, giving students an opportunity to apply concepts from previous worked-out examples. \u003c\/p\u003e\u003cp\u003eTopics covered include consumer theory; substitution and income effect; welfare gain or loss from a price change; and choice under uncertainty. Shifting to a firm theory, the book discusses production functions, cost minimization, perfectly competitive markets, and monopolies. Two chapters on game theory provide building blocks for subsequent chapters that treat imperfect markets; games of incomplete information and auctions; contract theory; and externalities, public goods, and common pool resources. The book is suitable for use in undergraduate intermediate microeconomics courses, rigorous introduction to microeconomics courses, and managerial economics at the masters level.\u003c\/p\u003eChapter Examples\u003cbr\u003ePreface\u003cbr\u003eChapter 1 - Introduction\u003cbr\u003eChapter 2 - Consumer Preferences and Utility\u003cbr\u003eChapter 3 - Consumer Choice\u003cbr\u003eChapter 4 - Substitution and Income Effects\u003cbr\u003eChapter 5 - Measuring Welfare Changes\u003cbr\u003eChapter 6 - Choice under Uncertainty\u003cbr\u003eChapter 7 - Production Functions\u003cbr\u003eChapter 8 - Cost Minimization\u003cbr\u003eChapter 9 - Partial and General Equilibrium\u003cbr\u003eChapter 10 - Monopoly\u003cbr\u003eChapter 11 - Price Discrimination and Bundling\u003cbr\u003eChapter 12 - Simultaneous-Move Games\u003cbr\u003eChapter 13 - Sequential and Repeated Games\u003cbr\u003eChapter 14 - Imperfect Competition\u003cbr\u003eChapter 15 - Games of Incomplete Information and Auctions\u003cbr\u003eChapter 16 - Contract Theory\u003cbr\u003eChapter 17 - Externalities and Public Goods\u003cbr\u003eReferences \u003cbr\u003eIndexAna Espinola-Arredondo is Associate Director and Associate Professor in the School of Economic Sciences at Washington State University.\u003cbr\u003e\u003cbr\u003eFelix Muñoz-Garcia is Associate Professor in the School of Economic Sciences at Washington State University.A short, rigorous introduction to intermediate microeconomic theory that offers worked-out examples, tools for solving exercises, algebra support, and self asse","brand":"The MIT Press","offers":[{"title":"Default Title","offer_id":46303322341605,"sku":"NP9780262044233","price":100.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780262044233.jpg?v=1767730112","url":"https:\/\/k12savings.com\/products\/intermediate-microeconomic-theory-isbn-9780262044233","provider":"K12savings","version":"1.0","type":"link"}