- Startseite
- Vollzeitschule
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- Unsere Schule
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| | Chapter | Key Topics Covered | | :--- | :--- | :--- | | Part I: Economic Agents | 1. Preferences and Utility | • Preference relations and utility functions • Convexity, quasi-concavity, and common utility functions • Behavioral economics and choice-based approaches (WARP) | | | 2. Demand Theory | • Utility maximization and Walrasian demand • The Slutsky matrix and the expenditure minimization problem • Duality in consumption | | | 3. Demand Theory—Applications | • Measuring welfare effects of price changes and taxes | | | 4. Production Theory | • A comprehensive look at the theory of the firm. | | | 5. Choice under Uncertainty | • Standard models for analyzing decision-making in risky environments. | | Part II: Markets and Welfare | 6. Partial and General Equilibrium | • Analysis of markets in isolation (partial) and all markets simultaneously (general). | | | 7. Monopoly | • Market power and optimal pricing strategies. | | | 8. Imperfect Competition | • Game theory models like Cournot, Bertrand, and Stackelberg competition. | | | 9. Externalities and Public Goods | • Market failures and potential government solutions. | | | 10. Contract Theory | • Incentives and information asymmetries in principal-agent models. |
Appendix A (math review) covers Lagrange multipliers, concave/convex functions, and the envelope theorem in about 30 pages. If your calculus is rusty, you’ll need a separate math for economists text (e.g., Simon & Blume).
The standout feature of this book is its structure. Unlike traditional texts that present a theorem followed by a proof, Muñoz-Garcia prioritizes explanation. | | Chapter | Key Topics Covered |
for anyone who has felt lost in the dry formalism of graduate microeconomics. It respects the math but refuses to let the math obscure the economics. If you want to understand advanced micro theory rather than merely survive it, this MIT Press volume is one of the best tools available.
If you decide to use Advanced Microeconomic Theory: An Intuitive Approach with Examples , consider the following advice: Choice under Uncertainty | • Standard models for
Student and academic reviews reveal a clear pattern: this book is exceptionally well-suited for its target audience, but it is not a "light" read.
For example, the proof of the existence of a utility function for continuous preferences is sketched (using a diagonal argument) but not fully formalized. A serious theorist will need supplementary notes. If your calculus is rusty
A rigorous look at utility maximization and cost minimization.
Furthermore, there is a companion available that provides detailed solutions to the exercises, which is highly recommended for anyone self-studying the material. Conclusion
| | Chapter | Key Topics Covered | | :--- | :--- | :--- | | Part I: Economic Agents | 1. Preferences and Utility | • Preference relations and utility functions • Convexity, quasi-concavity, and common utility functions • Behavioral economics and choice-based approaches (WARP) | | | 2. Demand Theory | • Utility maximization and Walrasian demand • The Slutsky matrix and the expenditure minimization problem • Duality in consumption | | | 3. Demand Theory—Applications | • Measuring welfare effects of price changes and taxes | | | 4. Production Theory | • A comprehensive look at the theory of the firm. | | | 5. Choice under Uncertainty | • Standard models for analyzing decision-making in risky environments. | | Part II: Markets and Welfare | 6. Partial and General Equilibrium | • Analysis of markets in isolation (partial) and all markets simultaneously (general). | | | 7. Monopoly | • Market power and optimal pricing strategies. | | | 8. Imperfect Competition | • Game theory models like Cournot, Bertrand, and Stackelberg competition. | | | 9. Externalities and Public Goods | • Market failures and potential government solutions. | | | 10. Contract Theory | • Incentives and information asymmetries in principal-agent models. |
Appendix A (math review) covers Lagrange multipliers, concave/convex functions, and the envelope theorem in about 30 pages. If your calculus is rusty, you’ll need a separate math for economists text (e.g., Simon & Blume).
The standout feature of this book is its structure. Unlike traditional texts that present a theorem followed by a proof, Muñoz-Garcia prioritizes explanation.
for anyone who has felt lost in the dry formalism of graduate microeconomics. It respects the math but refuses to let the math obscure the economics. If you want to understand advanced micro theory rather than merely survive it, this MIT Press volume is one of the best tools available.
If you decide to use Advanced Microeconomic Theory: An Intuitive Approach with Examples , consider the following advice:
Student and academic reviews reveal a clear pattern: this book is exceptionally well-suited for its target audience, but it is not a "light" read.
For example, the proof of the existence of a utility function for continuous preferences is sketched (using a diagonal argument) but not fully formalized. A serious theorist will need supplementary notes.
A rigorous look at utility maximization and cost minimization.
Furthermore, there is a companion available that provides detailed solutions to the exercises, which is highly recommended for anyone self-studying the material. Conclusion