Intermediate Microeconomics

A Tool-Building Approach 2nd Edition

By: Samiran Banerjee

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Paperback | 17 March 2021 | Edition Number 2

At a Glance

Paperback
392 Pages

Edition Type
New edition

Dimensions(cm)
24.5 x 17.5 x 2

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Intermediate Microeconomics: A Tool-Building Approach is a clear and concise calculus-based exposition of current microeconomic theory that is essential for students pursuing degrees in economics or business.

This beautifully presented and accessible text covers all the essential topics typically required at the intermediate level, from consumer and producer theory to the market structures of perfect competition, monopoly, duopoly, and oligopoly. Other topics include general equilibrium, risk, game theory, externalities, asymmetric information, and public goods.

This second edition has been carefully updated throughout, and now covers constrained optimization using Lagrangian methods for utility maximization, cost-minimization, and Pareto efficient allocations. There are new end-of-chapter problems, color-coded by difficulty.

Through numerical examples as well as exercises, the book teaches microeconomic theory via a process of learning-by-doing. When there is a skill to be acquired, a list of steps outlining the procedure is provided, followed by an example to illustrate how this procedure is carried out. Once learned, students will be able to solve similar problems and will be well on their way to mastering the skills needed for future study.

Intermediate Microeconomics presents a large amount of material in a concise way, without sacrificing rigor or clarity of exposition. Through use of this text, students will acquire both the analytical toolkit and theoretical foundation necessary in order to take upper-level field courses in economics, such as industrial organization, international trade, and public finance.

Industry Reviews

Praise for the first edition:

"This beautifully constructed text conveys the conceptual and practical tools of modern microeconomics with clarity, graphical lucidity, and satisfying mathematical rigor -- that is, no hand-waving, no ostentation. Amidst a plethora of graphically intensive but substantively thin microeconomics texts, this book stands out as modern, applicable, and intellectually satisfying. I'm excited to share it with my students." - David Autor, Ford Professor of Economics, MIT

"There is a strange beauty to basic economic theory. That by using a few facts and pure reason, one can get a comprehensive view of an economy is a wondrous experience that I would recommend to anyone aspiring to be an economist or to take economics apart. Samiran Banerjee's book is an excellent example of this - an elegant, no-nonsense introduction to microeconomic theory that takes the reader all the way from the early breakthroughs in industrial organization and general equilibrium in the nineteenth century to contemporary game theory." - Kaushik Basu, Professor of Economics and C. Marks Professor, Cornell University; former Chief Economist of the World Bank

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