The Theoretical Essentials of Intermediate Microeconomics

Donald W. Katzner

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Description
The main focus of this book is the presentation of a clear and uncluttered discussion centered on the basic theoretical ideas, arguments, and interrelationships that constitute the traditional explanation of the workings of the perfectly competitive microeconomy. Also included are a few examples of market failures to account for more realistic microeconomic circumstances. 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.

Description

The main focus of this book is the presentation of a clear and uncluttered discussion centered on the basic theoretical ideas, arguments, and interrelationships that constitute the traditional explanation of the workings of the perfectly competitive microeconomy. Also included are a few examples of market failures to account for more realistic microeconomic circumstances. 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.

Details

Published	Published By	ISBN	DOI
Aug. 19, 2025	University of Massachusetts Amherst Libraries	9781945764325	10.7275/dcby-t473
License Information
Copyright © 2025 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 (2025).

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