Microeconomics (Upper and Lower)

Author: Andrew Mas-Colell [USA]
Publisher:
Publish Date: 2001-03-01
Features: Introduction This is a representative work of advanced microeconomics that has a significant influence in the economics circles of Europe and America. The book is divided into five parts. Part I examines individual decision-making, primarily starting from a general analysis of individual behavior to establish classical consumer and producer theories, and briefly introduces individual choices under uncertainty. The second part is game theory, explaining individual decision-making problems under the mutual influence of consumer behavior. The third part covers market equilibrium and market failures, outlining the basic content of partial equilibrium and welfare economics, and exploring the possibilities of market failures caused by externalities, market power, and asymmetric information. The