Microeconomic Theory English Version Textbook (New Century University Economics English Version Textbook)

Author: Andreu Mas-Colell
Publisher:
Publish Date: 2005-01-01
Features: This book is one of the most influential advanced microeconomics textbooks in the field of economics in the West in recent ten years. Since the original work (Microeconomic Theory) was published by Oxford University Press, it has received widespread attention and praise from the economics community. The book systematically and comprehensively introduces all aspects of advanced microeconomic theory, covering a wealth of topics and a large amount of information, making it recognized as the "bible" of microeconomic theory. It is adopted by almost all top universities abroad and is a must-read for graduate students in economics. The book has a clear logical structure, rigorous writing style, and exquisite analytical methods, elaborating on all important topics in microeconomics with unprecedented depth and breadth. It not only provides thorough discussions of classic theories but also offers in-depth analysis of new theories and presents the current research status and development trends of cutting-edge topics. The book is divided into five main parts: Individual Decision Making, Game Theory, Market Equilibrium and Market Failure, General Equilibrium, and Welfare Economics and Incentives. The first part starts with a general analysis of individual behavior and relatively comprehensively introduces classical consumer and producer theory, as well as individual choice under uncertainty. The second part is Game Theory, which explains various solution concepts and analytical methods for static and dynamic games, analyzing individual decision-making under mutual influence. The third part covers Market Equilibrium and Market Failure, providing detailed introductions to basic models of information economics, including externalities and public goods, market monopoly, adverse selection, and principal-agent theory. The fourth part discusses General Equilibrium Theory, introducing various concepts related to general equilibrium, including existence and stability of equilibrium and welfare characteristics. The fifth part involves Welfare Economics and Incentive Problems, analyzing the possibility of summing individual preferences into social preferences under comparable and comparable conditions, as well as normative analysis issues such as social choice and economic mechanism design when information about individual preferences is incomplete. The mathematical appendix at the end of the book provides readers with the necessary basic mathematical knowledge. Each chapter offers detailed references for further study and research topic exploration, while the exercises provided for each chapter, with varying levels of difficulty, are very helpful for students to test their mastery of the content. The three authors of this book—Andreu Mas-Colell, Michael D. Winston, and Jerry R. Green—have long been engaged in teaching graduate-level microeconomics courses at universities such as Harvard University and other top institutions in the world, and have made significant contributions in their respective research fields. This book is the result of their years of teaching and collaboration.