This text is a self-contained, essential profile of the neoclassical paradigm that is important in understanding the relevance and limits of microeconomic theory. Microeconomic Theory also uniquely describes the recent extensions, in particular the economics of uncertainty and the economics of information. It is intended for students of economics, who, whilst choosing their specialized fields, theoretical or applied, want to solidify their microeconomic theory and game theory.
This text is a self-contained, essential profile of the neoclassical paradigm that is important in understanding the relevance and limits of microeconomic theory. Microeconomic Theory also uniquely describes the recent extensions, in particular the economics of uncertainty and the economics of information. It is intended for students of economics, who, whilst choosing their specialized fields, theoretical or applied, want to solidify their microeconomic theory and game theory.