Models in microeconomic theory

"Models in Microeconomic Theory covers basic models in current microeconomic theory. Part I (Chapters 1-7) presents models of an economic agent, discussing abstract models of preferences, choice, and decision making under uncertainty, before turning to models of the consumer, the producer, and monopoly. Part II (Chapters 8-14) introduces the concept of equilibrium, beginning, unconventionally, with the models of the jungle and an economy with indivisible goods, and continuing with models of an exchange economy, equilibrium with rational expectations, and an economy with asymmetric information. Part III (Chapters 15-16) provides an introduction to game theory, covering strategic and extensive games and the concepts of Nash equilibrium and subgame perfect equilibrium. Part IV (Chapters 17-20) gives a taste of the topics of mechanism design, matching, the axiomatic analysis of economic systems, and social choice. The book focuses on the concepts of model and equilibrium. It states models and results precisely, and provides proofs for all results. It uses only elementary mathematics (with almost no calculus), although many of the proofs involve sustained logical arguments. It includes about 150 exercises. With its formal but accessible style, this textbook is designed for undergraduate students of microeconomics at intermediate and advanced levels."."--Publisher's website

Available through Open Book Publishers.

"This book is available in two versions, one that uses feminine pronouns and one that uses masculine pronouns. This version uses masculine"--Title page verso

A solution manual for "Models in microeconomic theory" is available to instructors. Please go to Additional Resources tab on publisher's Web site to request an electronic copy.

Personal note -- Preface -- Part I. Individual behavior. Preferences and utility / Martin Osborne and Ariel Rubinstein ; Choice / Martin Osborne and Ariel Rubinstein ; Preferences under uncertainty / Martin Osborne and Ariel Rubinstein ; Consumer preferences / Martin Osborne and Ariel Rubinstein ; Consumer behavior / Martin Osborne and Ariel Rubinstein ; Producer behavior / Martin Osborne and Ariel Rubinstein ; Monopoly / Martin Osborne and Ariel Rubinstein -- Part II. Equilibrium. A jungle / Martin Osborne and Ariel Rubinstein ; A market / Martin Osborne and Ariel Rubinstein ; An exchange economy / Martin Osborne and Ariel Rubinstein ; Variants of an exchange economy / Martin Osborne and Ariel Rubinstein ; A market with consumers and producers / Martin Osborne and Ariel Rubinstein ; Equilibrium with prices and expectations / Martin and Ariel Rubinstein ; A market with asymmetric information / Martin Osborne and Ariel Rubinstein -- Part III. Game theory'. Strategic games /Martin Osborne and Ariel Rubinstein ; Extensive games / Martin Osborne and Ariel Rubinstein -- Part IV. Topics. Mechanism design / Martin Osborne and Ariel Rubinstein ; Matching / Martin Osborne and Ariel Rubinst…