The Theoretical Essentials of Intermediate Microeconomics

Donald W. Katzner

Download PDF

Description
The main focus of this book is the presentation of a clear and uncluttered discussion centered narrowly on the basic theoretical ideas, arguments, and interrelationships that constitute the traditional explanation of the workings of the perfectly competitive microeconomy, along with a few examples of market failures to account for more realistic microeconomic circumstance. Many details and asides that appear in standard textbooks are omitted. Discussion is set in the context of a world with two final goods, two persons, two firms, and two inputs or resources and is often phrased in reference to graphs. There is no game theory and no discussions of uncertainty and behavioral economics. Nor are there any applications. Only a few examples, usually abstract, illustrate theoretical ideas. Topical coverage includes the theory of the consumer, the theory of the firm, the theory of markets, general equilibrium, welfare, monopoly, monopolistic competition, oligopoly, externalities, and public goods. The second edition of this book differs from the first only in that it corrects errors, fills in gaps in reasoning, and adds clarity to arguments.

Description

The main focus of this book is the presentation of a clear and uncluttered discussion centered narrowly on the basic theoretical ideas, arguments, and interrelationships that constitute the traditional explanation of the workings of the perfectly competitive microeconomy, along with a few examples of market failures to account for more realistic microeconomic circumstance. Many details and asides that appear in standard textbooks are omitted. Discussion is set in the context of a world with two final goods, two persons, two firms, and two inputs or resources and is often phrased in reference to graphs. There is no game theory and no discussions of uncertainty and behavioral economics. Nor are there any applications. Only a few examples, usually abstract, illustrate theoretical ideas. Topical coverage includes the theory of the consumer, the theory of the firm, the theory of markets, general equilibrium, welfare, monopoly, monopolistic competition, oligopoly, externalities, and public goods.

The second edition of this book differs from the first only in that it corrects errors, fills in gaps in reasoning, and adds clarity to arguments.

Details

Published	Published By	ISBN	DOI
Jan. 6, 2026	University of Massachusetts Amherst Libraries	9781945764325	10.7275/dcby-t473
License Information
Copyright © 2026 by Donald W. Katzner is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Citation
Katzner, Donald W., The Theoretical Essentials of Intermediate Microeconomics, 2nd edition (2026).

Book Metrics

319

Downloads