The textbook provides a concise overview of intermediate microeconomic theory. Each chapter presents the main theoretical models and then includes examples and applications, the intuition behind each mathematical assumption, and its results.
Tools are provided for solving typical exercises, including 140 self-assessment problems. It guides readers step-by-step and through each algebraic calculation, assuming only a basic background in algebra and mathematical reasoning.
The topics include consumer theory, substitution and income effects, the welfare gains or losses from price changes, and decision-making under uncertainty.
Moving on to firm theory, the book examines production functions, cost minimization, perfectly competitive markets, and monopolies. The two chapters on game theory provide structural elements for subsequent chapters dealing with imperfect markets, games of incomplete information, and auctions, as well as contract theory, externalities, public goods, and common resources.
