Title
A Course in Microeconomic Theory,New
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David M. Kreps has developed a text in microeconomics that is both challenging and 'userfriendly.' The work is designed for the firstyear 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 theoryone 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 transactioncost economics.
⚠️ WARNING (California Proposition 65):
This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.
For more information, please visit www.P65Warnings.ca.gov.
- Q: How many pages does this book have? A: This book has eight hundred sixty-three pages. It's a comprehensive text that covers modern microeconomic theory.
- Q: What is the binding type of this book? A: This book is hardcover. This binding provides durability and a professional appearance, ideal for academic use.
- Q: What are the dimensions of this book? A: The dimensions are seven point zero one inches in length, one point two six inches in width, and ten point two four inches in height. These dimensions make it easy to handle and store.
- Q: What topics does this book cover? A: This book covers microeconomic theory with a focus on noncooperative game theory. It explores individual behavior in various institutional settings.
- Q: Is this book suitable for beginners? A: Yes, this book is accessible to advanced undergraduates as well as first-year graduate students. It is designed to challenge but also be user-friendly.
- Q: Can I use this book for self-study? A: Yes, this book is suitable for self-study. It includes detailed expositions of microeconomic concepts and theories.
- Q: How should I care for this book? A: To care for this book, keep it in a dry place and avoid exposing it to direct sunlight. This helps preserve the binding and pages.
- Q: Can this book be used in a classroom setting? A: Yes, this book is designed for classroom use. It provides a unified treatment of microeconomic theory, making it suitable for instructors and students alike.
- Q: Is there a warranty for this book? A: Books typically do not come with warranties. However, check the retailer's return policy for any issues upon delivery.
- Q: What should I do if my book arrives damaged? A: If your book arrives damaged, contact the seller immediately for a return or exchange. Most retailers have policies in place for such situations.
- Q: Does this book have any illustrations or charts? A: Yes, the book includes charts and models to illustrate key concepts. These visual aids support the understanding of complex theories.
- Q: What is the author's background? A: The author, David M. Kreps, is a well-respected economist known for his work in game theory and microeconomic theory. His expertise enhances the book's credibility.
- Q: Are there exercises or problems in this book? A: Yes, the book includes exercises to reinforce learning. These problems help students apply concepts and deepen their understanding.
- Q: What makes this book unique? A: This book places unusual emphasis on modern noncooperative game theory, providing a unique perspective on microeconomic behavior.
- Q: Is this book available in different editions? A: Yes, there are different editions of this book. Ensure you are purchasing the most current edition for the best insights.