Advanced Microeconomic Theory 3rd Edition by Geoffrey Jehle

Publisher: ECONOMICS

Availability: In Stock
SKU: 25890
Number of Pages: 673

Rs.1,390.00

Rs.1,995.00

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Description

Advanced Microeconomic Theory (3rd Edition) by Geoffrey Jehle is a comprehensive textbook designed for advanced undergraduate and graduate students. It delves deep into the core concepts of microeconomic theory, including consumer and producer theory, market structure, game theory, and information economics. The book focuses on mathematical models and rigorous proofs to explain complex economic concepts, providing students with a solid foundation for research or advanced studies in economics. Its detailed explanations and clear structure make it an essential resource for students looking to master microeconomic theory.

Consumer and Producer Theory: The book provides a detailed explanation of consumer behavior, utility maximization, and production functions, helping students understand how individuals and firms make decisions.
Market Structure and Equilibrium: It covers different market structures such as perfect competition, monopoly, and oligopoly, along with equilibrium concepts like Nash equilibrium, essential for analyzing market outcomes.
Game Theory: The textbook introduces the fundamentals of game theory, including cooperative and non-cooperative games, to help students understand strategic interactions among economic agents.
General Equilibrium and Welfare Economics: This section covers the concept of general equilibrium and the conditions for Pareto efficiency, exploring how markets allocate resources efficiently.
Information Economics: The book delves into the economics of information, addressing issues like adverse selection and moral hazard, which are vital for understanding real-world market imperfections.
Mathematical Models and Proofs: The rigorous mathematical approach throughout the book equips students with the tools needed for theoretical and empirical research in microeconomics.

Conclusion: Geoffrey Jehle’s "Advanced Microeconomic Theory (3rd Edition)" is an indispensable textbook for students pursuing advanced studies in economics. Its detailed treatment of microeconomic models, combined with its rigorous mathematical approach, makes it a valuable resource for understanding both theoretical and applied economics.

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Writer ✤ Geoffrey Jehle (Author)

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