Lecture Notes in Microeconomic Theory

This book presents Ariel Rubinstein's lecture notes for the first part of his well-known graduate course in microeconomics. Developed during the fifteen years that Rubinstein taught the course at Tel Aviv University, Princeton University, and New York University, these notes provide a critical assessment of models of rational economic agents, and are an invaluable supplement to any primary textbook in microeconomic theory. In this fully revised and expanded second edition, Rubinstein retains the striking originality and deep simplicity that characterize his famously engaging style of teaching. He presents these lecture notes with a precision that gets to the core of the material, and he places special emphasis on the interpretation of key concepts. Rubinstein brings this concise book thoroughly up to date, covering topics like modern choice theory and including dozens of original new problems. Written by one of the world's most respected and provocative economic theorists, this second edition of "Lecture Notes in Microeconomic Theory" is essential reading for students, teachers, and research economists. It is fully revised, expanded, and updated. It retains the engaging style and method of Rubinstein's well-known lectures. It covers topics like modern choice theory. It features numerous original new problems - including 21 new review problems. A Solutions manual is available only to teachers.

ISBN 0691154139   Pages 168 ISBN13 9780691154138 (What's this?)   Weight (grammes) 28 Publisher Princeton University Press   Published in New Jersey Imprint Princeton University Press   Previous ISBN 9780691120317 Format Paperback   Height (mm) 229 Publication date 04 Mar 2012   Width (mm) 152 DEWEY 338.5   Spine width (mm) 15 DEWEY edition DC23   Academic level Tertiary education, Professional / Scholarly

Preface vii Introduction ix Lecture 1. Preferences 1 Problem Set 1 10 Lecture 2. Utility 12 Problem Set 2 20 Lecture 3. Choice 23 Problem Set 3 41 Lecture 4. Consumer Preferences 45 Problem Set 4 58 Lecture 5. Demand: Consumer Choice 60 Problem Set 5 73 Lecture 6. Choice over Budget Sets and the Dual Consumer 75 Problem Set 6 82 Lecture 7. The Producer 85 Problem Set 7 92 Lecture 8. Expected Utility 94 Problem Set 8 104 Lecture 9. Risk Aversion 107 Problem Set 9 119 Lecture 10. Social Choice 121 Problem Set 10 128 Review Problems 131 References 147 Index 151

Ariel Rubinstein is one of the most original and provocative theorists of his generation. These notes, coming from his teaching of graduate microeconomics, exhibit his originality and clarity of thought. Students interested in mastering the foundations of microeconomics will benefit from studying these notes in conjunction with one of the more standard texts. -- id M. Kreps, author of "A Course in Microeconomic Theory This book will be a valuable addition to the small collection of high-level texts in microeconomics. It is distinguished by Rubinstein's characteristic skill in choice of topics and exposition, and by his unique perspective on economic theory and game theory. At the same time, it will be accessible to a wide range of students. -- cent Crawford, University of California, San Diego Ariel Rubinstein is one of the most thoughtful economic theorists. His lecture notes clearly distinguish between rationality-based models as useful objects of mathematical study, and using other kinds of math to incorporate psychological limits on rationality in a disciplined way. This two-pronged perspective gives the book a distinctive twist. It will be widely used by students and teachers, and its interesting ideas about bounded rationality and behavior are unique. -- in F. Camerer, author of "Behavioral Game Theory

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