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Essential Microeconomics

Authors

John G. Riley
, University of California, Los Angeles
Published 2012

Description

Essential Microeconomics is designed to help students deepen their understanding of the core theory of microeconomics. Unlike other texts, this book focuses on the most important ideas and does not attempt to be encyclopedic. Two-thirds of the textbook focuses on price theory. As well as taking a new look at standard equilibrium theory, there is extensive examination of equilibrium under uncertainty, the capital asset pricing model, and arbitrage pricing theory. Choice over time is given extensive coverage and includes a…

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Key features

  • Focus on the most basic and up-to-date ideas in microeconomics rather than attempt to be encyclopedic
  • Offers detailed introduction to models with asymmetric information, covering signaling, auctions and mechanism design
  • Website offers complementary coverage to all chapters and appendices, a detailed calculus and algebra review and an exploration of mathematical foundations

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