Intermediate Microeconomics: A Tool-Building Approach is a clear and concise, calculus-based exposition of current microeconomic theory essential for students pursuing degrees in Economics or Business. This beautifully-presented and accessible text covers all the essential topics that are typically required at the intermediate level, from consumer and producer theory to market structure (perfect competition, monopoly and oligopoly). Topics covered include risk, game theory, general equilibrium and externalities, asymmetric information, and public goods.
Using numerical examples as well as sophisticated and carefully designed exercises, the book aims to teach microeconomic theory via a process of learning-by-doing. When there is a skill to be acquired, a list of steps outlining the procedure is provided, followed by an example to illustrate how this procedure is carried out. Once the procedure has been learned, students will be able to solve similar problems and be well on their way to mastering the skills needed for future study.
Intermediate Microeconomics presents a tremendous amount of material in a concise way, without sacrificing rigor, clarity or exposition. Through use of this text, students will acquire both the analytical toolkit and theoretical foundations necessary in order to take upper-level courses in industrial organization, international trade, public finance and other field courses.
Instructors that would like to consider Intermediate Microeconomics: A Tool-Building Approach for course adoption will have access to the book’s free companion website featuring:
Problem sets are available on WebAssign for instructors who wish to use them. These are located at http://www.webassign.net/features/textbooks/banerjeeecon1/details.html?l=publisher.
Please contact the author at firstname.lastname@example.org for details, or visit his website at http://banerjeemicro.com/
"This beautifully constructed text conveys the conceptual and practical tools of modern microeconomics with clarity, graphical lucidity, and satisfying mathematical rigor -- that is, no hand-waving, no ostentation. Amidst a plethora of graphically intensive but substantively thin microeconomics texts, this book stands out as modern, applicable, and intellectually satisfying. I'm excited to share it with my students." — David Autor, Ford Professor of Economics, MIT
“There is a strange beauty to basic economic theory. That by using a few facts and pure reason, one can get a comprehensive view of an economy is a wondrous experience that I would recommend to anyone aspiring to be an economist or to take economics apart. Samiran Banerjee’s book is an excellent example of this — an elegant, no-nonsense introduction to microeconomic theory that takes the reader all the way from the early breakthroughs in industrial organization and general equilibrium in the nineteenth century to contemporary game theory.” — Kaushik Basu, Professor of Economics and C. Marks Professor, Cornell University; former Chief Economist of the World Bank
Preface 1 Markets 2 Budgets 3 Preferences 4 Individual Demands 5 Consumer Comparative Statics 6 Exchange Economies 7 Technology 8 Costs 9 Competitive Firms 10 Monopoly 11 Risk 12 Game Theory 13 Oligopoly 14 Externalities 15 Asymmetric Information 16 Public Goods Mathematical Appendix