Microeconomics, 3rd Edition

Hugh Gravelle all

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Microeconomics, 3rd Edition

By Hugh Gravelle, Ray Rees
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Hugh Gravelle all
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This is a standard text for upper level undergraduate/postgraduate microeconomics. The book begins at the intermediate level and ends at a level appropriate for the graduate student.

This well informed book provides a comprehensive exposition of modern microeconomic theory, covering many of the issues currently being researched and debated. The book offers very rigorous, mathematical treatment of the topics discussed making it appropriate for graduate as well as able intermediate level students. The writing style is clear and concise and the book is particularly liked for the thoroughness with which the concepts are dealt.


  • Comprehensive coverage of Microeconomics
  • Clear and careful mathematical treatment of economics theory
  • Introduces the student to cutting edge research
  • Takes a problem - solving approach encouraging the student to apply the theory through regular questioning material and activities
  • Provides the students with a good understanding of the separate elements of the theory and how they interact

Table of contents
  • Preface
  • 1 The nature and scope of microeconomics
  • 2 The theory of the consumer
  • 3 Consumer theory : duality
  • 4 Further models of consumer behavior
  • 5 Production
  • 6 Cost
  • 7 Supply and firm objectives
  • 8 The theory of a competitive market
  • 9 Monopoly
  • 10 Input markets
  • 11 Capital markets
  • 12 General equilibrium
  • 13 Welfare economics
  • 14 Market failure and government failure
  • 15 Game theory
  • 16 Oligopoly
  • 17 Choice under uncertainty
  • 18 Production under uncertainty
  • 19 Insurance, risk spreading and risk pooling
  • 20 Agency and contract theory
  • 21 General equilibrium under uncertainty and incomplete markets