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Course Microeconomic Theory

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Master microeconomics with Kreps' comprehensive guide

This book provides a broad coverage of traditional and modern approaches to microeconomic theory, making it ideal for final-year undergraduate and graduate students. The numerous problem sets and exercises included in the book offer readers the opportunity to test their knowledge and improve their understanding of the subject. Moreover, the author uses a wide variety of markets for examples, with a concentration in industrial economics, which makes the content of the book more relevant and engaging.

Sale

Course Microeconomic Theory

Regular price RM164.17 MYR RM65.45 MYR 60% off
Unit price
per
ISBN: 9780745007625
Authors: David M. Kreps
Date of Publication: 1990-01-01
Format: Paperback
Related Collections: Business, Economics, Science
Goodreads rating: 4.06
(rated by 35 readers)

Description

David M. Kreps has developed a text in microeconomics that is both challenging and "user-friendly." The work is designed for the first-year graduate microeconomic theory course and is accessible to advanced undergraduates as well. Placing unusual emphasis on modern noncooperative game theory, it provides the student and instructor with a unified treatment of modern microeconomic theory--one that stresses the behavior of the individual actor (consumer or firm) in various institutional settings. The author has taken special pains to explore the fundamental assumptions of the theories and techniques studied, pointing out both strengths and weaknesses. The book begins with an exposition of the standard models of choice and the market, with extra attention paid to choice under uncertainty and dynamic choice. General and partial equilibrium approaches are blended, so that the student sees these approaches as points along a continuum. The work then turns to more modern developments. Readers are introduced to noncooperative game theory and shown how to model games and determine solution concepts. Models with incomplete information, the folk theorem and reputation, and bilateral bargaining are covered in depth. Information economics is explored next. A closing discussion concerns firms as organizations and gives readers a taste of transaction-cost economics.
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Master microeconomics with Kreps' comprehensive guide

This book provides a broad coverage of traditional and modern approaches to microeconomic theory, making it ideal for final-year undergraduate and graduate students. The numerous problem sets and exercises included in the book offer readers the opportunity to test their knowledge and improve their understanding of the subject. Moreover, the author uses a wide variety of markets for examples, with a concentration in industrial economics, which makes the content of the book more relevant and engaging.