Microeconomic Theory [antikvár]

Preface The eighth edition oi Microeconomic Theory: Basic Principles and Extensions is intended to provide students with a comprehensive and accessible summary of modern microeconomic theory. This general goal for the text has remained constant over the past thirty years despite vast changes in the actual topics covered. Ideally this is accomplished by including clear, intuitive explanations of the principal results and by stressing the mathematical structure common to most microeconomic problems. The text also seeks to provide a link to more advanced literature by including a number of "extensions" that gather in one place results that are frequently assumed in that literature. New to the Eighth Edition This edition continues the general pruning and refocusing of the text that was started in the Seventh Edition together with some extensive rewriting of several chapters. Important additions include: • A completely reworked chapter on externalities that raises the theoretical level of this material to be more consistent with other parts of the text; • A revised chapter on public economics that now stresses some recent results in the "New Political Economy"; • Major streamlining of much ofthe material on the theory of the firm—especially in connection with the development of the theory of costs; • A new extension on second-order conditions that introduces a bit of (low key) matrix algebra; • A variety of other new extensions and problems on such topics as auctions, preference revelation, environmental regulation, and a number of topics in finance; and • Revised student aids, including (1) Answers to "Queries" that accompany each example, (2) Brief answers to odd-numbered problems, and (3) a complete glossary.