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Title: Microeconomic Theory by Andreu Mas-Colell, Michael Dennis Whinston, Jerry R. Green , Andrea Mas-Colell ISBN: 0-19-510268-1 Publisher: Oxford University Press Pub. Date: September, 1997 Format: Paperback Volumes: 1 List Price(USD): $42.00 |
Average Customer Rating: 3.67 (58 reviews)
Rating: 5
Summary: Undoubtedly, THE book for first year PhD students
Comment: I had heard a lot about this book before I began to read it for the first time as a requirement for my PhD sequence. My own opinion is that this has to be easily the most comprehensive and informative book in its class. I do not think one needs an extremely sound math background to be able to understand this book- undergraduate math to the extent of vector calculus and simple set theory is more than adequate. All other mathematical concepts are explained clearly and concisely in the appendices, far better than by any classroom instructor.
It is possible to master this book without ever having done economics at the intermediate level (as in my case). At times the notation seems a little heavy but it just takes a little getting used to- as is natural considering that this book is streets ahead of Varian's poor offering. It also requires time and dedication, and I suspect that people who find the book unsatisfactory did not posess the diligence or patience to read certain sections more than once. Part 1 is absolutely superb- demand theory, choice, production. Game Theory is covered far more extensively than I have seen anywhere else. Some parts of General Equilibrium Theory may seem a little abstruse, but nothing that a smart Graduate student cannot figure out. I strongly recommend that you buy this book, and read it thoroughly- it will be of immense benefit.
Rating: 5
Summary: Excellent book
Comment: To AL SNOW: Please read Milton Friedman "The Methodology of Positive Economics"--that should clarify for you the issues concerning unrealism of assumptions, and Gary Becker "The Economic Approach to Human Behavior"--that should clarify for you the relevance of economics for understanding the real world. By the way, there is not a single equation in either of the articles, don't worry!
As for MWG, I think the book is excellent. It is correct that the book is quite technical but hey, if you have come up to the point where you want to study advanced microeconomics, you should be afraid of anything but mathematics. So if you find reading the books difficult, my advice is learn first the necessary math (Jehle and Reny provides a good review) and then read MWG because you will learn a lot once you are able to handle the technical stuff. For instance, the section on general equilibrium is truly superb!
Rating: 5
Summary: Complete, well explained and concise
Comment: This is a really good book for those who are taking graduate courses or comprehensive exams in Microeconomics. It covers almost everything one needs to know about microeconomics and can be used as a reference book. It sure gets into technicalities too, but one has always the option to skip them and focus on general ideas. Only that the "Game Theory" section is not the best you can find. Some complementary texts is recommended for that section.
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Title: Mathematics for Economists by Carl P. Simon, Lawrence Blume ISBN: 0393957330 Publisher: W.W. Norton & Company Pub. Date: April, 1994 List Price(USD): $122.15 |
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Title: Advanced Macroeconomics by David Romer ISBN: 0072318554 Publisher: McGraw-Hill/Irwin Pub. Date: 20 December, 2000 List Price(USD): $70.30 |
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Title: Econometric Analysis by William H. Greene, William H Greene ISBN: 0130661899 Publisher: Prentice Hall Pub. Date: 22 August, 2002 List Price(USD): $130.00 |
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Title: Microeconomic Analysis by Hal R. Varian ISBN: 0393957357 Publisher: W.W. Norton & Company Pub. Date: March, 1992 List Price(USD): $80.95 |
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Title: Game Theory for Applied Economists by Robert Gibbons ISBN: 0691003955 Publisher: Princeton Univ Pr Pub. Date: 13 July, 1992 List Price(USD): $37.50 |
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