Microeconomic Theory (Book Only)

by Walter Nicholson and Christopher M. Snyder

Book Overview

Now you can truly understand and apply the latest economic models as you work directly with theoretical tools, real-world applications, and the popular new behavioral economics in this... This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 0324585071
• ISBN13: 9780324585070
• Release Date: September 2007
• Publisher: South Western Educational Publishing
• Length: 1 Pages
• Weight: 3.40 lbs.

Customer Reviews

Good microeconomics book

I have used this as a textbook for my second year microeconomic theory course. I think this is definitely a good reference for mathematical approach to economics. This book definitely assumes some exposure to beginning microeconomics, so this is not a beginners text. It is a nice book because it has a lot of interesting info beside standard micro topics, such as risk aversion. Exaples and graphs are helpful to illustrate the concepts. Excercises are hard (at least some of them), so get the solution manual. I also found this textbook interesting because it has a lot of footnotes with additional details, and "extensions" in the end of each chapter which take the topics a bit futher. Another helpful feature was the list of recommended literature for each topic. Even though I am not sure if I will continue in economics, I am still keeping this book for myself because I had a good experience with it.

Excellent intermediate/graduate text

I used this book for my first graduate microeconomic theory course and really have to compliment my professor for making an excellent choice. Although I`m sure there are much more rigorous books on the subject out there, like the Mas-Collel et al., when viewed in its own right, Nicholson`s book is hard to top. The book deserves the greatest merit for not being wordy; all points are covered briefly and to the point with many sample problems that are challenging and further the understanding of the material. Finally, I think the author deserves some praise for the mathematical notation, too. He uses conventional notation that econ students are accustomed to from their first math econ courses and doesn`t try to show what a rocket scientist he is, by trying to confuse people. Anyone with a solid background in basic calculus should be able to get through the book on their own. Almost all steps are presented clearly and even in those rare cases where that`s not the case, the student is able to figure out what`s going on easily. I can only recommend buying this book. For people requiring more rigour and coverage, get an advanced theory text, but for first year graduate students and those who need a quick review for more advanced courses, Nicholson`s text is a great point of departure and shouldn`t be missing on any serious economics student`s book shelf.

an excellent intermediate book

This is a very good book for someone that wants a thorough understanding of intermediate level micro. It presents economics at a level in between Hal Varian's Intermediate Micro, and the far more advanced book by Mas-Colell. It gives a clear introduction to economics using calculus and, unlike other books, Nicholson covers second derivate conditions. This provides additional inights that help understand the more technical Mas-Colell. Also, the type set and fonts are eye-friendly, and Nicholson is a master at explaning economics in a way that helps you learn it. I recommend this book for the serious student who wants to get ready for graduate level microeconomics courses. By serious, I do not mean only students that are majoring in economics, but also any other student who really wants to learn microeconomics.

The best!

At the first glance, this book is elegantly laidout, but mathematically "inadequate". However when you really read it, you find the author is a master in explaining very complicated concepts in an easy way. I am a PhD student, but I learned "economics" from this book. The textbook by Mas-Colell that our professor chose was a disaster. That book was heavy, stinky, and the authors did a bad job in explaining even the simplest ideas. I decided to use the Nicholson's book and understand everything and (only) this book made me love microeconomics.Lots of economists like to show off their math skills and like to show what a "rocket science" their field (economics) is by applying weird notations and "bad" English. Therefore, they intentionally make simple (maybe sometimes profound) ideas appear as complicate as they can be. Once you waste 1 day's time and undertsand the idea, you yell to yourself, "what a simple thing!". My experience is, spending 3 day's on Mas-Collel's book, I understand a thing, but it only requires 30 minutes if you use Nicholson's book.I was a physicist before persuing economics. In physics, we regard a good scholar (or someone who really understands what he is talking about) as someone who can explain difficult stuff in easy ways. Otherwise we dont think too much of him/her. In this sense, Nicholson (maybe Varian too) is truly a scientist, a great scholarly master. I am using these great terms because I am very grateful to the author since I truly learned stuff from it and it saved me from the great disappointment in microeconomics inflicted by Mas-Collel's book.

Best Intermediate Book on the Market

This is the book you should purchase to learn classical intermediate economics if you plan to go to graduate school in economics. You will need calculus, but if you want to learn 'real' microeconomics, calculus is indispensable. Competing texts are too mathematically infantile to be of much use. This text is very worthwhile for self-study because solutions are given to half of the end-of-the-chapter problems.A relatively mathematically sophisticated student should be able to go through the book on their own. After you've done this, you will be well on your way to possessing the 'intuition' as well as the 'basic' mathematical underpinnings needed at the graduate level.As others have mentioned, the book is relatively light on game theory. Other texts will be necessary (Binmore, etc.) for learning this topic at the advanced undergraduate level.