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This book covers a standard range of topics that appear in graduate courses in microeconomic theory. The intent in writing has been to be brief and clear, and yet achieve some depth of detail, summarizing key ideas in each topic succinctly. With one or two exceptions, it is possible to read any chapter without reference to any other—so that chapters can be read independently.

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In terms of length, the time devoted to each topic is comparable to what one might find in an actual teaching setting. The material is not intended as a textbook since there are no assignments or teaching materials. However, it is hoped that it will be a useful companion reader; much of the subject matter appears in any graduate microeconomics program.

The subject matter implicitly reflects some degree of personal taste and judgment on the current direction of the subject.

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For example, there is substantial emphasis on information economics and the statistical techniques used in that literature; auctions are covered in some detail; a chapter on large games introduces anonymous games and illustrates the methodology with a macroeconomic application. And so on. The notes draw from a wide range of sources, but in general the primary sources are the references at the end of each chapter—although the link to the references is stronger in some chapters than others.

In some cases, the material depends almost exclusively on only a few references as is the case in chapter 8 ; in other cases, the discussion is broad ranging and may well contain material unique to these notes. Thanks are due to my family for their support during the writing of this book.

Microeconomic Theory is based on lecture notes for a graduate course in microeconomic theory. It covers a broad range of topics, and to some extent the lecture structure is retained in the style of the book. The author provides a clear account of the main ideas in each area concisely, and in some depth of detail.

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The presentation is at an advanced level and provides succinct coverage of the material in a self contained discussion. Chapters are organized and written independently making it possible to read any chapter without having read earlier material. General equilibrium theory.

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  6. Walrsasian Equilibrium. First and second theorem of welfare economics. Existence and uniqueness of equilibria. Production theory.

    Microeconomic Theory: A Concise Course

    Production possibilities sets. Production functions. Cost functions Partial equilibrium theory.

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    Equilibrium in the long and in the short run. Optimality and equilibrium. Game Theory. Games and strategies. Dominant strategies.

    Nash equilibrium. Sequential games. Games and subgames.

    Exam Preparation and Grading

    Backward induction. Subgame perfect equilibrium. Sequential equilibrium Applications: Signalling. Readings We shall mostly follow: D. Kreps: A course in microeconomics However, some students may find this book either too technical or a bit annoying to read because of its general approach. Jehle and P.