This highly regarded text is one of the best selling advanced microeconomics books to be published in Europe Updated and revised the new edition provides a comprehensive exposition of modern microeconomic theory covering many of the issues currently being researched and debated As in previous editions the third edition offers rigorous treatment of the topics discussed with the major emphasis placed on giving the student an intuitive understanding of microeconomic models and theories This book provides the student with a good understanding of the nature and purpose of microeconomic theories and the way the theories interrelate to form a coherent whole Students are encouraged with the use of the exercises which are integral to the book to develop the ability to apply microeconomic theories in solving problems Key Features include: a new chapter on game theory chapters on uncertainty and asymmetric information have been extended and restructured Microeconomic concepts are dealt with rigorously comprehensively and in depth Numerous exercises throughout form an integral part of the book The writing style is clear and concise Discussions of literature and suggestions for further reading are in an extensive set of notes at the end of the book Mathematics of optimization is included in a number of short appendices at the end of the book Beginning at the intermediate level and ending at a level appropriate for the graduate student this is a core text for upper level undergraduate and taught graduate microeconomics courses Hugh Gravelle is Professor at the National Primary Care Research and Development Center University of York Ray Rees is Professor of Economics at Ludwig Maximillans University Germany Features Comprehensive coverage of Microeconomics Clear and careful mathematical treatment of economics theory Introduces the student to cutting edge research Takes a problem solving approach encouraging the student to apply the theory through regular questioning material and activities Provides the students with a good understanding of the separate elements of the theory and how they interact
