Models in Microeconomic Theory
Models in Microeconomic Theory covers basic models in current microeconomic theory. Part I (Chapters 1-7) presents models of an economic agent, discussing abstract models of preferences, choice, and decision making under uncertainty, before turning to models of the consumer, the producer, and monopo...
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| Main Authors: | , |
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| Format: | Online |
| Jezik: | angleščina |
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Open Book Publishers
2023
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| Teme: | |
| Online dostop: | https://library.oapen.org/handle/20.500.12657/63820 |
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| _version_ | 1869524546708570112 |
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| author | Osborne, Martin Rubinstein, Ariel |
| author_browse | Osborne, Martin Rubinstein, Ariel |
| author_facet | Osborne, Martin Rubinstein, Ariel |
| author_sort | Osborne, Martin |
| collection | Directory of Open Access Books |
| description | Models in Microeconomic Theory covers basic models in current microeconomic theory. Part I (Chapters 1-7) presents models of an economic agent, discussing abstract models of preferences, choice, and decision making under uncertainty, before turning to models of the consumer, the producer, and monopoly. Part II (Chapters 8-14) introduces the concept of equilibrium, beginning, unconventionally, with the models of the jungle and an economy with indivisible goods, and continuing with models of an exchange economy, equilibrium with rational expectations, and an economy with asymmetric information. Part III (Chapters 15-16) provides an introduction to game theory, covering strategic and extensive games and the concepts of Nash equilibrium and subgame perfect equilibrium. Part IV (Chapters 17-20) gives a taste of the topics of mechanism design, matching, the axiomatic analysis of economic systems, and social choice.
The book focuses on the concepts of model and equilibrium. It states models and results precisely, and provides proofs for all results. It uses only elementary mathematics (with almost no calculus), although many of the proofs involve sustained logical arguments. It includes about 150 exercises.
With its formal but accessible style, this textbook is designed for undergraduate students of microeconomics at intermediate and advanced levels. |
| format | Online |
| id | doab-20.500.12854ir-101540 |
| institution | Directory of Open Access Books |
| language | eng |
| publishDate | 2023 |
| publishDateRange | 2023 |
| publishDateSort | 2023 |
| publisher | Open Book Publishers |
| publisherStr | Open Book Publishers |
| record_format | ojs |
| spelling | doab-20.500.12854ir-1015402025-07-17T10:01:09Z Models in Microeconomic Theory Osborne, Martin Rubinstein, Ariel microeconomic theory;basic models;models of an economic agent;equilibrium;game theory;mechanism design;matching;axiomatic analysis of economic systems;social choice;undergraduate students Textbook thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCA Economic theory and philosophy thema EDItEUR::J Society and Social Sciences::JH Sociology and anthropology::JHB Sociology::JHBC Social research and statistics thema EDItEUR::K Economics, Finance, Business and Management thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCA Economic theory and philosophy thema EDItEUR::J Society and Social Sciences::JH Sociology and anthropology::JHB Sociology::JHBC Social research and statistics thema EDItEUR::K Economics, Finance, Business and Management Models in Microeconomic Theory covers basic models in current microeconomic theory. Part I (Chapters 1-7) presents models of an economic agent, discussing abstract models of preferences, choice, and decision making under uncertainty, before turning to models of the consumer, the producer, and monopoly. Part II (Chapters 8-14) introduces the concept of equilibrium, beginning, unconventionally, with the models of the jungle and an economy with indivisible goods, and continuing with models of an exchange economy, equilibrium with rational expectations, and an economy with asymmetric information. Part III (Chapters 15-16) provides an introduction to game theory, covering strategic and extensive games and the concepts of Nash equilibrium and subgame perfect equilibrium. Part IV (Chapters 17-20) gives a taste of the topics of mechanism design, matching, the axiomatic analysis of economic systems, and social choice. The book focuses on the concepts of model and equilibrium. It states models and results precisely, and provides proofs for all results. It uses only elementary mathematics (with almost no calculus), although many of the proofs involve sustained logical arguments. It includes about 150 exercises. With its formal but accessible style, this textbook is designed for undergraduate students of microeconomics at intermediate and advanced levels. 2023-07-19T06:05:48Z 2023-07-19T06:05:48Z 2023-07-05T09:16:14Z 2023 book https://library.oapen.org/handle/20.500.12657/63820 9781805111245 9781805111252 https://directory.doabooks.org/handle/20.500.12854/101540 eng open access image/jpeg image/jpeg Attribution-NonCommercial-NoDerivatives 4.0 International Attribution-NonCommercial-NoDerivatives 4.0 International https://library.oapen.org/bitstream/20.500.12657/63820/1/9781805111269.pdf https://library.oapen.org/bitstream/20.500.12657/63820/1/9781805111269.pdf Open Book Publishers 10.11647/OBP.0362 10.11647/OBP.0362 b014b543-78bd-4c3b-bc71-b68e2ac855b9 9781805111245 9781805111252 ScholarLed 382 Cambridge open access |
| spellingShingle | microeconomic theory;basic models;models of an economic agent;equilibrium;game theory;mechanism design;matching;axiomatic analysis of economic systems;social choice;undergraduate students Textbook thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCA Economic theory and philosophy thema EDItEUR::J Society and Social Sciences::JH Sociology and anthropology::JHB Sociology::JHBC Social research and statistics thema EDItEUR::K Economics, Finance, Business and Management thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCA Economic theory and philosophy thema EDItEUR::J Society and Social Sciences::JH Sociology and anthropology::JHB Sociology::JHBC Social research and statistics thema EDItEUR::K Economics, Finance, Business and Management Osborne, Martin Rubinstein, Ariel Models in Microeconomic Theory |
| title | Models in Microeconomic Theory |
| title_full | Models in Microeconomic Theory |
| title_fullStr | Models in Microeconomic Theory |
| title_full_unstemmed | Models in Microeconomic Theory |
| title_short | Models in Microeconomic Theory |
| title_sort | models in microeconomic theory |
| topic | microeconomic theory;basic models;models of an economic agent;equilibrium;game theory;mechanism design;matching;axiomatic analysis of economic systems;social choice;undergraduate students Textbook thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCA Economic theory and philosophy thema EDItEUR::J Society and Social Sciences::JH Sociology and anthropology::JHB Sociology::JHBC Social research and statistics thema EDItEUR::K Economics, Finance, Business and Management thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCA Economic theory and philosophy thema EDItEUR::J Society and Social Sciences::JH Sociology and anthropology::JHB Sociology::JHBC Social research and statistics thema EDItEUR::K Economics, Finance, Business and Management |
| topic_facet | microeconomic theory;basic models;models of an economic agent;equilibrium;game theory;mechanism design;matching;axiomatic analysis of economic systems;social choice;undergraduate students Textbook thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCA Economic theory and philosophy thema EDItEUR::J Society and Social Sciences::JH Sociology and anthropology::JHB Sociology::JHBC Social research and statistics thema EDItEUR::K Economics, Finance, Business and Management thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCA Economic theory and philosophy thema EDItEUR::J Society and Social Sciences::JH Sociology and anthropology::JHB Sociology::JHBC Social research and statistics thema EDItEUR::K Economics, Finance, Business and Management |
| url | https://library.oapen.org/handle/20.500.12657/63820 |
| work_keys_str_mv | AT osbornemartin modelsinmicroeconomictheory AT rubinsteinariel modelsinmicroeconomictheory |