Optimization Methods in Economic Theory (Second Edition)

Author: (American) Dixit, A.K. (Author), Feng Qu (Translator), Wu Guiying (Translator)
Publisher:
Publish Date: 2006-03-01
Features: To comprehensively and systematically reflect the panorama and progress of contemporary economics, summarize and explore both existing and potential achievements of contemporary economics, and showcase new directions in contemporary economics, the "Contemporary Economics Series" was compiled. This book is one of them. It has always been a must-reference for mainstream graduate textbooks in microeconomics and macroeconomics. The primary use of this book is as a supplementary textbook for intermediate and advanced microeconomics. It can also serve as a main textbook, but should be accompanied by other books or papers, including those listed at the end of each chapter as "Further Reading." In terms of reasoning, the examples in the book are fully solved, though some details are omitted. The exercises include further developments and applications of the theories in the main text. The beautiful integration of mathematics and economics, the interweaving of static analysis and dynamic programming, and the author Dixit's unique perspective—analyzing sensitive economic topics like "optimization" problems from a non-traditional angle of "costless arbitrage improvement methods"—provide readers with a brand-new viewpoint. The book is concise, practical, and makes it easy for beginners to enter the realm of modern economics. More importantly, since its first edition in 1976, it has remained a must-reference for mainstream graduate textbooks in microeconomics and macroeconomics, such as earlier Varian's Microeconomic Theory and currently popular Microeconomic Theory by Maskin et al., as well as Romer's Advanced Macroeconomics.