Microeconomics: Institutions, Equilibrium and Optimality
The first part of this book contains the material for a course in standard microeconomics and general equilibrium. These chapters contain the necessary background on commodities, consumers, producers, as well as the classical results about the existence of general (Walras) equilibria and the fundamentals of welfare theory. The second part of the book may be seen as a continuation dealing with more advanced topics.
From the Diary of Leonie Noirot: The perfect corset should invite its undoing . . .Lethally charming Simon Blair, Marquess of Lisburne, has reluctantly returned to London for one reason only: a family obligation. Still, he might make time for the seduction of a certain redheaded dressmaker—but Leonie Noirot hasn't time for him.…
This textbook shows how the general equilibrium theory can be put into use to provide new insights into various fields of economic science. The reader does not need previous particular mathematical training; the formal approach is introduced in a piecemeal fashion, so that no difficult mathematics occurs in the beginning.
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